Enterprise Risk Associates, a U.S.-based insurance brokerage platform focused on acquiring and partnering with independent insurance agencies, has announced an investment from Macquarie Capital Prime Finance, the financing and principal investment arm of Macquarie Capital.
The financing facility provides up to $150 million in capital to support ERA’s acquisition-driven growth across multiple insurance distribution industries.
ERA, established to help independent institutions access resources and scale while maintaining their local presence and legacy, previously received capital injections in 2024 from Karfunkel-Zyskind family office KZ Capital and Lamberg family office Lamberg Management Inc.
Since its founding, the company has completed five acquisitions in California, Florida and the Northeast through a disciplined, partner-driven approach.
The financing from Macquarie Capital is intended to provide ERA with additional capital to continue to expand its business and integrate a commercially focused independent agency.
Adam Wolper, CEO of Enterprise Risk Associates, said: “We are delighted to be working with Macquarie Capital, which has extensive experience in financing and driving growth in the insurance broking industry.”
“As an M&A-focused partner to insurance agencies, ERA leverages the deep industry expertise of its founding team to deliver optimized sales strategies, operational support and expanded service capabilities to help drive efficiencies and accelerate growth. This financing will help us further scale ERA and continue to build our pipeline across the insurance brokerage industry.”
“Despite record consolidation in the insurance brokerage industry in recent years, the insurance brokerage industry continues to see the emergence of new institutions, many of which are seeking ways to drive growth in a highly competitive market,” added Bill Eckmann, chief financial officer, Americas, Macquarie Capital. “ERA is positioned to be the acquirer of choice through its agency-led approach, giving partner institutions access to best-in-class resources to drive their continued success into the future.”
