Rockbridge backs American Growth Insurance launch
The Atlanta insurance brokerage platform launched with nearly $70 million in committed equity and plans to acquire independent agencies.
Takeaways
- American Growth Insurance is a Insurance brokerage platform acquiring independent agencies and brokerages across the United States.
- Rockbridge Growth Equity and American Growth Insurance are classified as a platform transaction.
Rockbridge Growth Equity and Atomic backed the launch of American Growth Insurance with nearly $70 million in committed equity.
The Atlanta-based retail brokerage serves commercial and personal-lines clients and plans to acquire independent insurance agencies across the United States.
AGI has closed its first acquisition and said it expects to complete several more as it builds a national brokerage platform.
The company combines local agency relationships with a shared technology and operating system.
Financial terms for the first acquisition were not disclosed.
Get tomorrow morning's tape in your inbox.
Yesterday's platforms, add-ons, recaps, and exits, cleaned up before the workday starts.