NEW YORK, April 24, 2017 — Golub Capital announced that, as lead arranger, it provided a $75 million delayed draw term loan to Risk Strategies Company to support its continued growth objectives. Risk Strategies Company is a rapidly growing national insurance brokerage and risk management firm backed by private equity firm Kelso & Company. Golub Capital is now the largest debt financing provider to Risk Strategies.
Operating from more than 35 locations throughout the United States, Risk Strategies Company offers sophisticated risk management advice as well as insurance and reinsurance placement for property & casualty, healthcare and employee benefits risks. Risk Strategies serves commercial companies, non-profits, public entities and individuals, and has access to all major insurance markets.
“This is an exciting time in the insurance brokerage industry, and with the support of Kelso, Golub Capital and our other financing partners, we are well positioned to take advantage of growth opportunities in the marketplace, both organic and acquisition related,” said Mike Christian, RSC’s Founder and CEO.
Kelso has been investing in private equity for over 35 years. Kelso benefits from a successful investment track record, a long-tenured and stable investing team, and a reputation as a preferred partner to management teams and corporates. Since 1980, Kelso has raised a total of nine private equity funds, representing approximately $12 billion of capital, and has made 120 investments. Kelso has significant experience investing in financial services, having deployed approximately $1.7 billion of equity capital in the sector over the past decade, including nearly $1.0 billion in insurance and reinsurance investments.
Golub Capital’s Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $400 million and is an arranger of credit facilities up to $750 million. Golub Capital’s award-winning team strives to establish long-term, win-win partnerships by providing dependable, fast and creative solutions that meet the needs of private equity sponsors and their portfolio companies.