Trending...
- XRPPower Continues Strengthening Its Global AI-Powered Blockchain Ecosystem
- Lansdowne Photographer Steven Weisz Selected for Philadelphia City Hall Exhibition
- Mutant-Fueled Bio-Cyberpunk Shooter HoverGrease 2 Launches May 22
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
- VIV Welcomes Residents to St. Petersburg's EDGE District
- Evocative Joins the Independent Data Centre Network (IDCN) as Primary USA Operator
- Philadelphia Scientist Roohid Parast Advances IBD Research at Johnson & Johnson
- Medical Experts Highlight the Importance of Second Opinions in Death Investigations
- Joseph Nybyk aka Neibich of Gilbert, Arizona
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
- Omnitronics Unveils 100% Software omniGateDMR and omniGateP25 RoIP Gateways
- KRE PRIME Launches Adaptive Convertible Jumpsuit
- USA Med Bed Helping Home Care Patients with Refurbished Hill Rom Hospital Beds
- Sobreseimiento de Nicolás dos Santos y Jorge Méndez expone demandas millonarias a Paraguay y boicot a la Hidrovía
- CAPHRA warns Southeast Asia not to repeat Australia's nicotine policy failure
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
- Communities In Schools of Eastern Pennsylvania's Ready, Set, Graduate! Celebrates Over 100 Students in Two Ceremonies
- Lansdowne Photographer Steven Weisz Selected for Philadelphia City Hall Exhibition
- Federal indictments bring new scrutiny to SPLC practices and highlight the real‑world impact of its designations on nonprofit groups, including NCFM
- Shedrack Anderson Releases New Album
- Could You Make a 2026 World Cup Squad? A New Free Tool Will Tell You Where You'd Sit on Any National Team's Bench in 90 Seconds
- Sugar Land's Social Scene Gets a Boost: Pep's Backyard Set to Open Near Constellation Field
- Joseph Nybyk (AKA Joseph Neibich) Guests On Octopus TV
- Mutant-Fueled Bio-Cyberpunk Shooter HoverGrease 2 Launches May 22
- Triple-Digit Growth, OTCQX Market Upgrade and a Rapidly Expanding Specialty Healthcare Platform: Cardiff Lexington Corporation: Stock Symbol: CDIX
- XRPPower Continues Strengthening Its Global AI-Powered Blockchain Ecosystem
- Lick Introduces Pineapple Flavored Massage Oil — A Tropical Date Night Favorite Available on Amazon
- FutureLot Powers ADU Wizard for Massachusetts Clean Energy Center's Statewide ADU Resource Center
- ICT Innovations Releases ICTPBX Community Edition as Open Source Under Mozilla Public License 2.0
- Brett Furman Expands AI and Marketing Team to Better Help Home Sellers Navigate the Future of Online Search
- Maryland Personal Injury Firm Earns National Recognition in 2026 ELA Awards
- Robert J. Bradshaw's AYE is a Gripping Dual Reality Thriller Exploring the Increasingly Blurred Line Between Humanity and Technology
- Bangxing Silicone Revolutionizes Silicone Baby Product Partnerships: Low MOQ Support + VIP Long-Term Win-Win Programs
- JFAB Consulting Elevates Brand with New Identity and Digital Experience
- SteelTree Announces Launch of Its Operational Decision Intelligence Service
- Advanced AI Capabilities Reflected by Upcoming Company Name and Stock Symbol Change for Evolving Pre-Owned Boat Dealer: Off The Hook YS: N Y S E: OTH