This amazing story started in 2005 by Greg Williams, a former banking and telecommunications executive and his partner, Ricky Norris, who had an insurance background. This incredible story began with a business plan, vision, and a hope that they could execute their dream. And boy have they accomplished that.
In 2010, I started following Acrisure, and they had about 27 million in revenue. In 2012, Acrisure made its debut in the Top 100 Brokers in the U.S. at #85 according to the annual Business Insurance Top 100 brokers rankings. But this story doesn’t stop here.
Every year Acrisure climbed the Business Insurance Top 100 rankings. Today, after more than 375 acquisitions, including more than 100 in 2018, Acrisure had almost $1.4 billion in revenue. While there has been hundreds of acquisitions, organic growth has been over 4% the last eight years with a EBITDA of over 35%.
So what will we see in 2019, more acquisitions for sure? In 2018, Acrisure increased revenue more than $350 million over 2017. With that type of growth in 2019, Acrisure will continue to close the gap on #9, USI Insurance Services, who reported $1.66 billion of revenue in 2018.
I expect this amazing broker firm to continue to grow in the plus 25% – 30% range.
Congratulations to Greg Williams and the Acrisure team.
