Investment Case Study: Integro

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Integro

Insurance brokerage and risk management firm start-up

  • Overview:
    • Regulatory turmoil created opportunity for “fresh start” insurance brokerage and risk management firm focused on large corporate accounts
    • Former Chairman, President and CEO of Marsh McClennan founded Integro in 2005
  • Transaction:
    • Cave Creek Capital participated with 12 institutional investors (including Weston Presidio, Leukadia, Highfields, and DLJ Merchant Banking) in $316 million Convertible Preferred Equity investment
  • Results:
    • Attracted several high profile senior executives
    • Integro has grown to become one of the top 50 insurance agencies in the U.S.
    • Insurance Magazine customer surveys in 2008 and 2009 ranked Integro the #1 risk management insurance agency.
    • Completed acquisition of six specialty insurance agencies
    • Currently servicing over 500 blue chip corporate accounts