Abry Partners Invests in Socius Insurance Services
July 1, 2021
Abry Partners has made a significant growth investment in Socius Insurance Services, partnering with CEO and co-founder Patrick Hanley and the company's senior management. Socius will use the proceeds to accelerate its growth plan, pursue acquisitions to build national footprint and expand product offerings across management liability, cyber and property & casualty lines while Hanley remains CEO.
- Buyers
- Abry Partners, Patrick Hanley and senior management
- Targets
- Socius Insurance Services, Inc.
- Industry
- Insurance
- Location
- California, United States
- Transaction Type
- Growth capital
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