Target Information

Acrisure, based in Grand Rapids, Michigan, is a leading global financial technology company that empowers businesses and individuals by providing comprehensive financial solutions. The company has experienced rapid growth over the past eleven years, with revenue soaring from $38 million to nearly $5 billion and a workforce expansion to over 19,000 employees across 23 countries. This growth positions Acrisure as a prominent player in the fintech landscape, delivering tailored offerings in areas such as insurance, reinsurance, cybersecurity, payroll, and real estate services.

On May 20, 2025, Acrisure announced a definitive agreement to raise $2.1 billion through the issuance of convertible senior preferred stock, consequently boosting its valuation to $32 billion. This capital raise, primarily led by Bain Capital, marks a significant milestone in Acrisure's evolution from a traditional insurance brokerage to a tech-enabled financial services provider. The funds will be deployed to refinance existing preferred stock, facilitate strategic mergers and acquisitions, and further develop its technological capabilities.

Industry Overview

The financial technology (fintech) industry is rapidly transforming as innovative technologies reshape how businesses operate on a global scale. With advancements in artificial intelligence, data analytics, and mobile technologies, fintech companies are redefining the customer experience, streamlining operations, and creating new opportunities for businesses. In the United States, fintech has gained significant traction, with a myriad of startups and established firms emphasizing personalized financial solutions.

In recent years, the demand for fintech solutions has surged, particularly among small- and medium-sized enterprises (SMEs), which seek affordable and efficient alternatives to traditional financial services. The proliferation of digital payment platforms and the increased focus on financial inclusivity have further driven this growth. As consumer and business expectations continue to evolve, the industry is poised for continued growth, providing ample opportunities for companies like Acrisure to expand their service offerings.

Acrisure operates in a competitive environment where major players are focusing on developing advanced technology and customer-centric products. This competitive landscape has encouraged fintech companies to invest in technology-driven solutions that address market demands effectively, fostering a cycle of innovation that benefits consumers and businesses alike.

The increasing emphasis on cybersecurity in the fintech space has also become a focal point, as businesses look to enhance their data protection measures amid growing concerns over data breaches and cyber threats. As a result, the integration of cybersecurity tools into financial services has become essential for companies looking to maintain customer trust and compliance with regulatory standards.

Rationale Behind the Deal

The recent capital raise for Acrisure is driven by the company’s strategic intent to bolster its position as a leader in the fintech sector. By refinancing existing preferred stock, Acrisure can streamline its capital structure, thereby improving financial stability. The additional capital will also enable Acrisure to pursue targeted mergers and acquisitions that align with its growth strategy, allowing it to enhance its product offerings and market presence.

Moreover, the investment reinforces Acrisure’s commitment to advancing its technological capabilities. The firm aims to integrate cutting-edge solutions that can meet the diverse needs of its clients while scaling its operations effectively to accommodate future growth.

Investor Information

Bain Capital, an established private investment firm founded in 1984, leads this financing round for Acrisure. With extensive experience across various sectors, Bain Capital focuses on creating lasting impacts for its investors, businesses, and the communities it serves. The firm has a global platform that includes over 1,850 employees and approximately $185 billion in assets under management.

Bain Capital’s Special Situations team is particularly noted for identifying flexible capital solutions tailored to suit companies' specific needs, providing them with deep operational and financial value-add capabilities. Their involvement as a key investor in Acrisure signifies confidence in the company’s strategy and growth potential within the fintech landscape.

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The recent investment in Acrisure is viewed positively as it aligns with the overarching trends within the fintech sector. The company's ability to integrate technology with financial services positions it well to capitalize on the growing demand for personalized financial solutions. Furthermore, the plan to engage in strategic M&A offers a pathway for expanding service offerings and improving market position.

Acrisure's recent hiring of technology and operational leaders further strengthens its strategic vision, ensuring the company is equipped to execute its ambitious growth plans effectively. This proactive approach to enhancing its leadership team demonstrates a commitment to fostering innovation and maintaining a competitive edge in the rapidly evolving fintech environment.

In conclusion, the deal represents a significant opportunity for Acrisure to consolidate its position within the market. With the funds raised, the company has the flexibility to refine its operations, pursue expansion through acquisitions, and enhance its technological capabilities, all of which contribute to its potential for long-term success in the fintech industry.

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