Grand Rapids, Mich.-based insurance broker Acrisure entered into a definitive agreement for a management-led buyout with Abry Partners and a consortium of minority investors to recapitalize the company. We are affirming our ratings on Acrisure and its core subsidiary and assigning debt ratings. The stable outlook reflects our view that Acrisure will continue to produce favorable margins and earnings growth. On Oct. 21, 2016, S&P Global Ratings affirmed its 'B' long-term corporate credit ratings on Acrisure Holdings Inc. and its core subsidiaries. The outlook is stable. At the same time, we assigned Acrisure's proposed $1.4 billion first-lien credit facilities (which consist of a $1.1 billion term loan due 2023, a $200 million revolver due 2021, and a $110 million delayed-draw
