The PennZone

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

• Revolutionary Data Solution Transforms Health Insurance Underwriting Accuracy
• $36 Million LOI to Acquire High Value Assets from Vivakor Inc in Oklahoma's STACK Play — Building Cash Flow and Scalable Power Infrastructure; $OLOX
• Kobie Wins for AI Innovations in the 2026 Stevie® Awards for Sales & Customer Service
• Author Jeff Bogle to Host Street Cats Mediterranean Cruise Featuring Cat Behaviorist Molly DeVoss
• Berman | Sobin | Gross LLP Celebrates 35 Years of Advocating for Maryland's Injured Workers and Families

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

• Art of Whiskey Hosts 3rd Annual San Francisco Tasting Experience During Super Bowl Week
• Kilmaine Saints to Anchor St. Patrick's Day Weekend with Live Album Recording at XL Live
• PADT Earns Prestigious 2025 Americas Customer Loyalty Award from Ansys, Part of Synopsys
• Florida Keys Visitors Can Save 15 Percent With KeysCaribbean's Advanced Booking Discount
• Sleep Basil Unveils Revamped Natural Latex Mattress Collection Page for Cooler, Cleaner, Better-Aligned Sleep

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

---

Show All News | Report Violation