The Liberty Company Insurance Brokers (Liberty) has expanded its syndicated credit facility by $100 million, with JPMorgan Chase leading the financing.
This increase follows Liberty’s $340 million credit facility offering in August 2023 and is aimed at supporting strategic initiatives.
Liberty says that the additional capital will fund the company’s expansion through mergers and acquisitions and the development of specialized industry services.
Liberty also plans to use the capital to extend its market presence through acquisitions and enhance its insurance product offerings. Liberty says that the investment aligns with the company’s objective of adapting to evolving industry needs while maintaining its competitive position.
The funding will also contribute to employee development and professional growth, in line with Liberty’s goal of attracting and retaining talent. The company reiterated its commitment to innovation and client service as it continues to expand its offerings and market reach.
“This funding enhances our capability to continue to invest in our infrastructure, new partnerships and most importantly, hiring and developing great people to fuel our growth,” Liberty CEO Bill Johnson (pictured above) said.
Outside of this latest capital infusion, Liberty also expanded its leadership team with the appointment of Adam Azamey as vice president, producer.
A few months ago, the brokerage also added two hires to bolster its entertainment, transportation, environmental, and construction sectors.
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