Trending...
- New Article Reveals Common Pricing Pitfalls in Flooring Projects — And How to Avoid Them
- Cancer Survivor Roslyn Franken Marks 30-Year Milestone with Empowering Gift for Women Survivors
- Grammy award-winning Cuban-Canadian artist Alex Cuba releases his 11th studio album, "Indole"
HARRISBURG, Pa.--(BUSINESS WIRE)--Keystone Agency Partners, a fast-growing independent insurance agency partnership platform, today announced that it has amended and upsized its existing Senior Credit Facility ("the Facility") with an expanded syndicate of lenders led by Madison Capital Funding LLC. This is an additional $160 million to the facility the company closed with Madison Capital for $105 million in May 2021.
The Company intends to use the facility to continue building its premier independent insurance agency platform and deliver on the services it provides to platform partners. Keystone Agency Partners has already completed 9 platform partnerships and 10 tuck-ins since its founding in April 2020 and has a robust and diverse pipeline of potential agency partnerships.
"Broadening our lending syndicate enables us to continue partnering with exceptional agencies who are looking to reach the next level of success and growth," said Tony Rossi, Chief Financial Officer of Keystone Agency Partners. "Our team continues to be deeply engaged with the leadership teams of our platform partners as we pursue our aggressive growth objectives in 2022 and beyond. With this facility and our partnership with Madison Capital, we believe we are well positioned to execute on delivering our unique offering to the independent insurance agency market."
More on The PennZone
Clayton Bruce, a Director on Madison Capital's Insurance & Financial Services team, said, "We are proud to continue our long history of supporting and financing the insurance brokerage industry. Keystone Agency Partners has experienced impressive growth and we believe their strategy, management team, and unique operating approach will continue to produce strong results."
About Keystone Agency Partners
Keystone Agency Partners is a fast-growing independent insurance agency partnership platform which provides strategic, technology, financial and operational support to reignite an entrepreneurial spirit and support profitable growth within their platform agencies. Keystone Agency Partners was founded in 2020 in partnership with Keystone Insurers Group, Inc. and affiliates of Bain Capital, LP. For more information please visit: www.keystoneagencypartners.com.
About Madison Capital Funding
More on The PennZone
Founded in 2001, Madison Capital Funding, LLC is a market leader in supporting middle market private equity sponsors and their investment companies with cash-flow based corporate finance products. Since inception, Madison Capital Funding has invested $43.7 billion in 1,393 middle market transactions with 335 private equity sponsors. For more information, please visit: https://www.mcfllc.com/.
Contacts
Jennifer MacLaren
Keystone Agency Partners
jmaclaren@keystoneagencypartners.com
603-494-1773
The Company intends to use the facility to continue building its premier independent insurance agency platform and deliver on the services it provides to platform partners. Keystone Agency Partners has already completed 9 platform partnerships and 10 tuck-ins since its founding in April 2020 and has a robust and diverse pipeline of potential agency partnerships.
"Broadening our lending syndicate enables us to continue partnering with exceptional agencies who are looking to reach the next level of success and growth," said Tony Rossi, Chief Financial Officer of Keystone Agency Partners. "Our team continues to be deeply engaged with the leadership teams of our platform partners as we pursue our aggressive growth objectives in 2022 and beyond. With this facility and our partnership with Madison Capital, we believe we are well positioned to execute on delivering our unique offering to the independent insurance agency market."
More on The PennZone
- Hiclean Tools Releases HCX2100 Electric Pressure Washer
- Bùng Nổ Ra Mắt, AALIVE Tung Gói Thưởng 68% và Dàn Game Thuần Việt Hấp Dẫn
- ARCH Dental + Aesthetics Offers Free Consultations for New Patients
- Maisano Brothers Inc. Expands National Paving Division Into Tampa, Florida
- New Online Retailer Vroom Bikez Brings Electric Bikes and Scooters to Eco-Conscious Consumers
Clayton Bruce, a Director on Madison Capital's Insurance & Financial Services team, said, "We are proud to continue our long history of supporting and financing the insurance brokerage industry. Keystone Agency Partners has experienced impressive growth and we believe their strategy, management team, and unique operating approach will continue to produce strong results."
About Keystone Agency Partners
Keystone Agency Partners is a fast-growing independent insurance agency partnership platform which provides strategic, technology, financial and operational support to reignite an entrepreneurial spirit and support profitable growth within their platform agencies. Keystone Agency Partners was founded in 2020 in partnership with Keystone Insurers Group, Inc. and affiliates of Bain Capital, LP. For more information please visit: www.keystoneagencypartners.com.
About Madison Capital Funding
More on The PennZone
- Multi-Signature Cold Storage: Keyanb Introduces Institutional-Grade Asset Protection for Chilean Crypto Traders
- NKSCX Introduces Zero-Knowledge Proof of Solvency for U.S. Traders Amid $6.5 Billion Fraud Crisis
- New Oasis International Foundation Announces Strategic Partnership Network Across 15 Countries to Advance Community-Led Economic Development
- Some Music for Donald's Bad Day
- New You Smile Dental Implant Center Expands Office
Founded in 2001, Madison Capital Funding, LLC is a market leader in supporting middle market private equity sponsors and their investment companies with cash-flow based corporate finance products. Since inception, Madison Capital Funding has invested $43.7 billion in 1,393 middle market transactions with 335 private equity sponsors. For more information, please visit: https://www.mcfllc.com/.
Contacts
Jennifer MacLaren
Keystone Agency Partners
jmaclaren@keystoneagencypartners.com
603-494-1773
Filed Under: Business
0 Comments
Latest on The PennZone
- Coming Up this Weekend on CNBC Mike Milligan Joins Tom Hegna on "Financial Freedom with Tom Hegna"
- Dirty Verse: Unhinged Humor in Rhyme Unleashed
- UK Website Launches "Toy Time Machine" — Find Your Childhood Christmas Toy in One Click
- SprintRay Retainers and DIBS AI Braces in Reading Improve Precision and Patient Experience
- $73.6M Pipeline, $10M Crypto Play & Legal Firepower: Why Investors Are Watching Cycurion (N A S D A Q: CYCU) Like a Hawk
- Grammy award-winning Cuban-Canadian artist Alex Cuba releases his 11th studio album, "Indole"
- Thread Advisory Group Launches to Help Retailers Turn Strategy Into Lasting Results
- QView Medical and Eve Wellness Announce Partnership to Advance Direct-to-Consumer Breast Cancer Screening With FDA-Approved AI
- New Article Reveals Common Pricing Pitfalls in Flooring Projects — And How to Avoid Them
- Airbus Defence and Space and Omnitronics Sign MoU to Advance Interoperability in Critical Communications
- Award-Winning Philadelphia Area Author, Tom Tracy, Launches Catalog of Diverse Kids Books to Counter Book Bans and DE&I Rollbacks
- White Glove Restoration Sends "Help in Boxes" to Support Communities in Ghana
- NASA Agreements, New Ocean Exploration Applications Added to Partnerships with Defiant Space Corp and Emtel Energy USA for Solar Tech Leader: $ASTI
- Chic and Secure: The Blue Luna Debuts Stylish Keychains with Purpose
- BEC Technologies Showcases Leadership in Private Broadband Ecosystem with Inclusion in UTC's Ecosystem Summary Report
- $500,000 in Stock Dividend for Shareholders in 2025 Sweetens The Pot on Success of Becoming Debt Free with No Convertible Notes or Warrants for $IQST
- Milwaukee Job Corps Center: Essential Workforce Training—Admissions Now Open
- Aissist.io Launches Hybrid AI Workforce to Solve AI Pilot Failure for Customer Support Automation
- Christy Sports Makes Snowsports More Accessible for Families to Get Outside Together
- MainConcept Completes Management Buyout to Become Independent Company