Audax Personal Debt Supplies Financing to Aid Odyssey Financial investment Partners’ Investment decision in SIAA | Business enterprise
2 min readNEW YORK–(Enterprise WIRE)–May possibly 3, 2021–
Audax Personal Financial debt declared that, as Joint Guide Arranger and Bookrunner, it delivered a unitranche credit score facility to support the acquisition of SIAA (Strategic Coverage Company Alliance or the “Company”) by Odyssey Investment decision Companions (“Odyssey”), a personal equity expense firm with places of work in New York and Los Angeles.
Headquartered in Hampton, NH, SIAA is the nation’s leading alliance of unbiased insurance policy agencies. Originating in 1983 with the SAN Team, SIAA was formed in 1995 and will go on functions beneath the set up model. At yr-stop 2020, the Corporation attained $9.6 billion of full in-power top quality, up from $8.9 billion at YE 2019, and also signed 527 new member organizations.
“SIAA has skilled decades of huge success as the primary and largest network of independent insurance coverage companies in the country,” reported Steve Ruby, Controlling Director at Audax Non-public Debt. “We appear forward to functioning with Odyssey and the SIAA staff to support the Enterprise in this interesting subsequent chapter.”
“Audax Personal Financial debt once once more operated in a versatile and thoughtful way to support our financing desires, and we recognize their continued partnership around the years,” said Jeff Moffett, Taking care of Principal at Odyssey Expenditure Partners. “We’re delighted to be performing with the Audax crew as we pursue new progress options for SIAA.”
SIAA is devoted to the generation, retention, expansion and evolution of the unbiased insurance plan company. To master far more about SIAA, check out siaa.internet.
Dependent in New York, Audax Private Credit card debt is a foremost financial debt capital husband or wife for North American middle sector corporations. Since its inception in 2000, Audax Private Personal debt has invested around $23 billion throughout far more than 860 providers in aid of around 240 private equity sponsors, and has lifted around $17 billion in cash. The platform provides its shoppers a range of financing methods, which include initial lien, extend senior, unitranche, 2nd lien and subordinated personal debt, as very well as fairness co-investments. With extra than 40 expense experts and 80 overall workers, Audax Non-public Debt presents funding certainty, insert-on expense functionality, and the knowledge and collaborative strategy to spouse with personal equity corporations and their portfolio businesses. For much more info, remember to visit www.audaxprivatedebt.com.
Audax Personal Financial debt is an integral component of Audax Group, a main different expenditure manager with places of work in Boston, New York and San Francisco.
Julie Rudnick / Julie Casale
Search phrase: NEW YORK UNITED STATES NORTH America
Market Keyword: Expert Expert services FINANCE
Source: Audax Non-public Personal debt
Copyright Company Wire 2021.
PUB: 05/03/2021 05:58 AM/DISC: 05/03/2021 05:58 AM
Copyright Business enterprise Wire 2021.
