Enterprise Risk Associates (ERA), an insurance brokerage platform focused on mergers and acquisitions of independent insurance agencies, announced it has received an investment from Macquarie Capital Principal Finance that will provide up to $150 million to support ERA’s acquisition strategy.
Since its founding, Tarrytown, New York-based ERA has completed five acquisitions in California, Florida and the Northeast. Its acquisitions have included NYC Metro Insurance in Woodside, N.Y.; Ariston Brokerage in Brooklyn, N.Y.; Barrood Agency in Somerset, N.J.; Assure Insurance in Bradenton, Fla.; and Professional Choice Insurance Services in Irvine, Calif.
ERA was capitalized in 2024 by KZ Capital and Lamberg Management Inc. Adam Wolper is chief executive officer of ERA. Prior to running ERA, Wolper was a principal with Wolper Law Group and before that with other law firms where his specialties included insurance mergers, real estate, and business law.
ERA “partners with independent insurance agency owners who are seeking resources and scale to optimize growth while maintaining the legacy and local footprint of their businesses,” according to its announcement.
“The insurance brokerage industry continues to generate new agencies despite record consolidation in recent years, and many of those agencies are seeking ways to supercharge growth in a competitive market,” said Bill Eckmann, head of Principal Finance for the Americas at Macquarie Capital.
Topics Mergers & Acquisitions
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