Madison Capital Funding closed a $126,000,000 senior credit facility, including a $30,000,000 delayed draw term loan, to finance the Leveraged Buyout of Propel Insurance Agency, LLC by Flexpoint Ford, LLC. Madison Capital Funding was the Joint Lead Arranger and Administrative Agent. Further terms were not disclosed.
Propel Insurance Agency, LLC is one of the nation’s largest privately owned insurance agencies and provides a broad array of property, casualty, risk management, workers’ compensation, employee benefits, personal insurance and other products across North America.
Founded in 2001, Madison Capital Funding is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance products. Since inception, Madison Capital Funding has invested $29.2 billion in 1,075 middle market transactions with more than 285 private equity sponsors.
The loan discussed does not represent an account’s entire portfolio and in the aggregate, may represent only a small percentage of an account’s portfolio holdings. A complete list of all holdings is available upon request; please contact firstname.lastname@example.org. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the loans mentioned herein. MCF #1779172