Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, was the recipient of one of the largest unitranche loans on records, topping out at $1.6 billion, according to a report from Reuters.

The loan, which reportedly includes a $400 million delayed draw component, was granted by administrative agent Golub Capital, alongside Goldman Sachs, Apollo Global Management, KKR, Oak Hill Advisors (OHA), Ares, Carlyle, Owl Rock Capital Partners, Antares Capital and Partners Group, according to the report.

In a press release, the Philadelphia-based company announced that it has acquired Dash & Love, Inc., a well-established, full-service specialty brokerage based just outside of Philadelphia. Terms of the deal were not announced.

Founded in 1930, Dash & Love is a highly respected, family-owned specialty retail insurance brokerage providing insurance placement and risk management advice to organizations and successful individuals and families across Pennsylvania and the tri-state area. In its commercial lines business, the firm has built a reputation as the region’s preeminent provider of specialized risk management services to community associations, ranging from luxury high-rises in Philadelphia to sprawling suburban properties.

“Risk Strategies rapid growth and success has been possible largely because we have remained committed to selecting firms that best match our collaborative culture and expertise-driven approach,” said John Mina, Risk Strategies’ CEO. “Dash & Love’s longevity and success has been grounded in a similar philosophy.”

Risk Strategies’ mid-Atlantic presence has expanded in recent years, beginning with the 2017 acquisition of Philadelphia-based Cornerstone Professional Liability Consultants, a medical malpractice liability specialist. Also in 2017, Risk Strategies acquired Delmarva Surety, a Maryland-based specialist in the sale and servicing of surety bonds and commercial insurance. In 2018, Risk Strategies announced its acquisition of Arkin Youngentob Associates, a full-service employee and executive benefits firm headquartered in Bethesda, Maryland. In 2019, Risk Strategies added two more Maryland-based firms – Rockville-based private lines specialist, Creative Insurance Solutions, and Sparks-based leading captive insurance services provider, Oxford Risk Management Group.