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Liberty Co. receives $100M infusion

The Liberty Co. Insurance Brokers Inc. said Thursday it had secured an additional $100 million in funding led by JPMorgan Chase & Co.

The Gainesville, Florida-based brokerage said it will use the funds to “expand its market presence through targeted mergers and acquisitions” and other initiatives. Liberty completed five acquisitions in 2024.

JPMorgan Chase led a $340 million refinancing transaction for Liberty in August 2023.

Privately owned Liberty is the 43rd largest broker of U.S. business, according to Business Insurance’s most recent ranking. In 2023, it reported $180.4 million in brokerage revenue and 755 employees.