Blackstone Group LP is currently working on advanced negotiations to acquire Acrisure LLC which is estimated to be valued at over $2 billion according to sources. The private equity firm has succeeded the auction for Acrisure so far, though discussions with the Genstar Capital LLC, the insurance brokerage company’s owner, are still ongoing. Genstar purchased Acrisure in 2013 for an undisclosed price.
It is unsure if the involved parties will be able to close a deal. Genstar reportedly restarted negotiations with another bidder for Acrisure. A previous report stated that Acrisure had been talking with investment bank Evercore Partners Inc. regarding a sale process.
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