Liberty Company Insurance Brokers, one of America’s fastest-growing privately held insurance brokerages, announced the $100 million upsizing of its syndicated credit facility, led by JPMorgan Chase. This capital marks another significant step in Liberty’s ongoing growth, building on the momentum of its August 2023 $340 million credit facility offering.
This capital enables Liberty to continue accelerating its strategic initiatives, particularly in mergers and acquisitions and expanding specialized industry services. And this new funding will primarily be channeled into expanding Liberty’s footprint through targeted mergers and acquisitions and enhancing the company’s ability to offer tailored, innovative solutions across various sectors. And Liberty will continue to invest in developing cutting-edge insurance products and services that meet the evolving needs of its diverse client base.
This additional $100 million funding is expected to impact Liberty’s strategic trajectory significantly. And this investment supports the company’s goal of being an employer of choice in the industry, where innovation and personal advancement go hand in hand with its growth.
As Liberty continues to grow, the focus remains steadfast on innovation and excellence in client service. This additional funding will enable the company to enhance its product offerings and client engagements, ensuring that Liberty remains at the forefront of the insurance industry.
KEY QUOTES:
“We are grateful for the tremendous and ongoing support extended by our lending group to our business. This funding enhances our capability to continue to invest in our infrastructure, new partnerships and most importantly, hiring and developing great people to fuel our growth.”
- Bill Johnson
“This pivotal funding not only supports our strategic acquisitions but also fortifies our market presence. It reflects our strong financial health and the strategic foresight that Liberty maintains in a dynamic economic landscape. We are strategically positioning ourselves to take full advantage of growth opportunities that will enhance our competitive edge and deliver substantial value to our stakeholders.”
• ⁃ CFO Bernadetta Scholz
