Patriot Progress Insurance coverage Providers Raises Extra Capital to Assist Continued Progress

Patriot Progress Insurance coverage Providers, LLC (“Patriot” or the “Firm”), one of many nation’s largest and fastest-growing nationwide insurance coverage companies, at present introduced that it has closed on a brand new spherical of financing in help of its aggressive acquisition and natural development technique. The extra capital raised is a mix of fairness and debt from current investor Summit Companions and an growth of Patriot’s current debt facility co-led by Barings World Personal Finance and Antares.

Primarily based in Fort Washington, PA, Patriot was based in January 2019 by CEO Matt Gardner, a 30-year veteran of the insurance coverage distribution {industry}. The Firm has differentiated itself in a crowded, aggressive discipline by way of its extremely autonomous working mannequin, a laser deal with partnering with high-growth, well-run companies, and a dedication to fostering considerate collaboration throughout the US. Over the course of the final 18 months, Patriot has accomplished greater than 35 acquisitions, pushed robust natural development and established a broad nationwide footprint throughout 14 states.

“Regardless of the financial headwinds created by COVID-19, Patriot continues to execute on its technique of partnering with among the fastest-growing companies within the nation,” mentioned Matt Gardner, Founder and CEO of Patriot. “We imagine the capital raised on this spherical of financing is a powerful validation of the work we’re doing and our place as a companion of selection for America’s high insurance coverage companies. We’re thrilled to increase {our relationships} with Summit Companions, Barings and Antares as we proceed to drive industry-leading development.”

“It has been a privilege to work alongside Matt and the Patriot group throughout a interval of robust development over the course of the final 18 months,” mentioned Matt Hamilton, Managing Director at Summit Companions and member of the Patriot Board of Administrators. “With a partner-driven mindset and a extremely disciplined strategy to execution, Patriot has shortly constructed a formidable, nationwide community of insurance coverage professionals, partnering with high-growth companies throughout the nation. We’re happy to offer further help to assist gasoline the Firm’s continued development.”

“Patriot is strictly what we search for in a borrower: considerate, pragmatic {industry} leaders that execute their plan with self-discipline and creativity. That has been particularly evident because the onset of the COVID-19 pandemic,” mentioned Brian C. Baldwin, Managing Director of Barings World Personal Finance. “It has been thrilling to be part of what the Patriot group has achieved to date, and we’re happy with the chance to offer further capital to help their development story.”

Summit Partners. For extra info, please go to” data-reactid=”29″>Based in 2019, Patriot is a growth-focused nationwide insurance coverage providers agency that companions with worker advantages and property & casualty companies throughout the US. In its first yr of operation, Patriot was ranked the 53rd largest insurance coverage dealer within the U.S. by Enterprise Insurance coverage. With almost 600 staff working in 57 areas throughout 14 states, Patriot’s collaborative mannequin delivers sources and strategic help to its companies, whose leaders proceed to function with a excessive diploma of autonomy of their native markets. Patriot’s distinctive fairness mannequin creates true alignment with its companion companies, and its working philosophy fosters enhanced profession alternatives for its devoted {and professional} group. Patriot is backed by development fairness investor Summit Companions. For extra info, please go to or comply with on LinkedIn.” data-reactid=”31″>Based in 1984, Summit Companions is a world various funding agency that’s presently managing greater than $21 billion in capital devoted to development fairness, mounted revenue and public fairness alternatives. Summit invests throughout development sectors of the financial system and has invested in additional than 500 firms in know-how, healthcare, shopper, monetary and enterprise providers, and different development industries. Summit maintains places of work in North America and Europe and invests in firms all over the world. For extra Summit tales and to study extra about #TheSummitPartnersNetwork, please see or comply with on LinkedIn.

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[email protected]” data-reactid=”35″>Steve Carroll
(215) 600-1357
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