Acrisure Raises $3.45 Billion, Counts Trott’s BDT as Investor

Insurance broker Acrisure LLC raised more than $3.45 billion in capital from investors including Byron Trott’s BDT Capital Partners.

BDT led a $3 billion investment in senior preferred stock, while a different group put $454 million of new capital into junior preferred stock, according to a statement Wednesday. The transactions give Acrisure an implied enterprise value of $17.5 billion, the company said.

Acrisure, led by Chief Executive Officer Greg Williams, sells products including insurance for businesses, auto and home policies and employee benefits. Now the company has plans to add products and services beyond insurance to its lineup, ...