Foundation Risk Partners, Corp.
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Foundation Risk Partners, Corp. - overview
Established
2017
Location
Ormond Beach, FL, US
Primary Industry
Insurance
About
Foundation Risk Partners, Corp. specializes in delivering a comprehensive suite of insurance products and services tailored to meet the diverse needs of clients across various sectors. Foundation Risk Partners, Corp. is focused on providing insurance solutions tailored to client needs.
Founded in 2017 and headquartered in Ormond Beach, US, the company has executed a total of 6 deals, with its most recent transaction occurring on 2022-08-09. Partners Group acquired a controlling stake in the company from Warburg Pincus, though specific financial terms of the deal were not disclosed. Foundation Risk Partners (FRP) offers a range of insurance products and services, including Employee Benefits, Commercial Insurance, Personal Insurance, and Risk Management services. Their Employee Benefits division provides innovative plan designs, while the Commercial Insurance segment covers property, liability, and workers’ compensation.
Personal Insurance is tailored for individual needs, enabling FRP to serve a diverse client base ranging from small enterprises to large corporations across the United States. Foundation Risk Partners generates revenue primarily through B2B transactions in partnership with established insurance agencies. Their business model relies on commissions or fees for services rendered, with clients typically entering yearly contracts. Key offerings such as Employee Benefits and Commercial Insurance form the core of their revenue model, allowing FRP to sustain steady cash flow while expanding in a competitive insurance market.
The acquisition by Partners Group in August 2022 is expected to accelerate the growth of Foundation Risk Partners, Corp. and facilitate its expansion across the US. While specific new products and release dates are not disclosed, the rationale for the acquisition focuses on enhancing the company’s market footprint and operational capabilities. This strategic move aims to position FRP for continued growth as it seeks to explore new markets and geographic regions.
Current Investors
Warburg Pincus
Primary Industry
Insurance
Sub Industries
Consulting Services, Insurance Intermediaries
Website
www.foundationrp.com
Total Amount Raised
Subscriber access only
Foundation Risk Partners, Corp. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Foundation Risk Partners, Corp. | - | ||||||||
| Secondary Buyout | Completed | Foundation Risk Partners, Corp. | - | ||||||||
| Private Debt | Completed | Foundation Risk Partners, Corp. | - | ||||||||
| Private Debt | Completed | Foundation Risk Partners, Corp. | - | ||||||||
| Private Debt | Completed | Foundation Risk Partners, Corp. | - |
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