Trending...
- The World's First Fully Regenerative Economy: Securing Energy, Food, and a Clean Planet
- NEW MANAGEMENT BOOK: Creating a Joy-Centric Culture
- Meet Joseph Neibich aka Joseph Nybyk of Beachwood Canyon
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
- Dr. Nadene Rose Shares the Secret to True Success: Faith, Obedience, and Divine Purpose
- Best Companies Group Opens Free Registration for Best Places to Work in Insurance Program
- Understanding Unexpected Death: Why Independent Autopsies Matter in Cases Without Clear Cause
- Epic Pictures Group Sets North American Release Date for the Thriller NO ORDINARY HEIST
- Mobile Copywriter Celebrates 13 Years of Content Creation and SEO Services
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
- Award-Winning REALTOR® Paige Coker Joins Corcoran DeRonja Real Estate
- Over 98% of crypto owners globally don't declare taxes, new report find
- Happreneurs™ Business Community Launches Pittsburgh, PA Chapter with Powerful Network of Founding Leaders
- TicTac Group acquires French EdTech company Distrisoft
- Rhys-Davies, Wright, Norris, Jacinto Highlight Latest Wave of FAN EXPO Philadelphia Celebrity Guests
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
- Meet Joseph Neibich aka Joseph Nybyk of Beachwood Canyon
- LARUS Launches Business Continuity Framework for IPv4-Dependent Networks
- KeysCaribbean Offers 'Skip-the-Crowds' Savings With 15 Percent Off April Stays
- Supply & Demand Chain Executive Names Puga Sankara as Recipient of 2026 Pros to Know Award
- Why We're Holding the Line on Pricing
- Moravian Academy Announces New Full-Tuition Impact Scholarship for Upper School Students
- AI Disruption Meets Marine Scale: Off The Hook YS, Inc. (N Y S E American: OTH) Targets Breakout Growth with NextBoat Launch and Aggressive Expansion
- Targeting the Billion-Dollar U.S. Countermeasure Market With AI-Driven Biodefense Platform: Lunai Bioworks (N A S D A Q: LNAI)
- National Focus Turns to Global Conflict, Families of Veterans Lost to Suicide Call for Recognition
- New Global Standard for Transparency Across Critical Resources and Energy Markets: SMX (Security Matters) PLC (N A S D A Q: SMX)
- Forced Psychiatric Hospitalization Fails Vulnerable People: CCHR Urges Repeal Amid Rising U.S. Policies
- Surging Into High-Performance AI With $AMD Partnership, Patent Expansion, and Strengthened Balance Sheet: Avalon GloboCare Corp. (N A S D A Q: ALBT)
- ATTAIN Profiles the Invisible Billionaire Who Started With $75 and Died the Richest Man in A
- Kiko Nation Launches Mobile App to Modernize Livestock Management and Digital Animal Registry
- NEW MANAGEMENT BOOK: Creating a Joy-Centric Culture
- QuickTrack by Datalex Transforms Retail Promoter Management with Claude AI and Real-Time Insights
- Kaltra Introduces Seasonal Discounts on Replacement Coils for Carrier, York, and Trane Chillers
- Evolve Construction Mobilizes Commercial Storm Response Across Illinois With AI-Powered Damage Documentation and Public Adjusters Partnership
- New Book Synthesizes Six Peer-Reviewed Research Programs Into Unified Framework for Consciousness
- The World's First Fully Regenerative Economy: Securing Energy, Food, and a Clean Planet