Venbrook Group, LLC, a Woodland Hills, CA-based independent property/casualty brokerage, completed a $42m debt capital raise from Madison Capital Funding, a subsidiary of New York Life.
The company is using the funds to strategically grow the business. A portion of the proceeds have been used to acquire Brooks Insurance Group, a Manalapan, New Jersey-based wholesaler founded in 1991 by Claudia and David Rosen, both of whom will remain and serve as senior members of its management team.
Led by President and Chief Executive Officer Jason Turner, Venbrook Group is an independent property/casualty brokerage catering principally to middle market commercial clients throughout the U.S., offering retail and wholesale brokerage, program management, and risk management products and services.
FinSMEs
20/10/2016