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Accession Risk Management Group, the parent company of specialty insurance brokerages Risk Strategies and One80 Intermediaries, reports it has closed a $1 billion incremental debt raise and refinancing.

Accession Risk Management Group is a portfolio company of Kelso & Co., a private equity firm that has partnered with Risk Strategies since 2015.

The recent financing includes a $900 million delayed draw term loan and a $100 million increase to its revolving line of credit.

Accession Risk Management Group executed a record 32 new acquisitions last year and posted a 25% increase in year-over-year revenue, reaching $1.5 billion on a pro forma basis.

This company said its performance has meant strategic investments in technology and operational infrastructure, as well as efforts to create a “destination workplace” for talent.

“This financing will help propel the further expansion of our North American market share and also hasten our ability to explore complementary international opportunities,” said Sharon Edwards, chief financial officer, Accession Risk Management Group

Headquartered in Boston, Massachusetts, Accession Risk Management Group’s specialty insurance and risk management companies, including core operating platforms and , currently place in the aggregate more than $15 billion in insurance premiums and $1.5 billion in combined revenues.

More than 180 companies have joined the Accession since 2014.