TLDR:
- Bregal Sagemount has made a minority growth investment in United Commercial Program Managers, LLC.
- UCPM Insurance, a specialty insurance wholesaler focused on environmental insurance, will use the funds to expand operations and development efforts.
In a recent development, Bregal Sagemount, a growth-focused private equity firm based in NYC, has invested in United Commercial Program Managers, LLC. (“UCPM”), a specialty insurance wholesaler based in Gilbert, AZ, with a focus on environmental insurance. The investment was made from Bregal Sagemount’s small-cap fund, Bregal Sagemount Basecamp I, which amounts to $500 million.
UCPM Insurance, led by President Tim Clegg, specializes in providing solutions for the unique insurance needs of the environmental sector. With the support of this investment, the company plans to expand its operations and further develop its offerings in the market.
Financial advisory for UCPM was provided by Skyway Capital Markets, while legal advisory for Bregal Sagemount was handled by Goodwin Procter. This strategic investment marks a significant milestone for both companies and sets the stage for future growth and success in the environmental insurance sector.
Overall, this partnership between Bregal Sagemount and UCPM highlights the increasing importance and potential within the environmental insurance industry, as well as the continued interest of private equity firms in supporting growth and innovation in specialized sectors.
