New York, NY – July 24, 2024 – Bregal Sagemount (“Sagemount”), a growth-focused private equity firm, today announced a minority growth investment from its inaugural $500 million small-cap fund, Bregal Sagemount Basecamp I (“Basecamp” or the “Fund”), in United Commercial Program Managers, LLC. (“UCPM”), a leading specialty insurance wholesaler and program manager focused on environmental insurance. UCPM is the first investment out of the new Fund and is underpinned by Basecamp’s enthusiasm for what the UCPM team has built over the past 20 years and what they believe they will continue to build for their clients during their next stage of growth.
Headquartered in Gilbert, Arizona, UCPM has distinguished itself through its steadfast commitment to customer service enabled by its commitment to innovation and market expertise. As a minority growth investor with a long track record of partnering with established software and tech-enabled services companies, Sagemount is excited to lock arms with UCPM management as a value-add partner.
"We are incredibly excited about our newly formed partnership with UCPM. Sagemount has a long-track record of investing in insurance distribution, and UCPM stood out immediately due to its expertise in the increasingly important and complex environmental segment of the insurance market," said Blair Greenberg, Partner, Bregal Sagemount.
"UCPM is highly focused on adding value to our agent partners and their clients," said UCPM President Tim Clegg. "Our partnership with Sagemount help us to accelerate the pace at which we innovate new products that fit the needs of our customers and the insureds these agents work so hard to serve."
Jordan Walton, Co-Head of Basecamp, added, “We are honored to partner with UCPM and could not be more excited about the future of the company. We believe that UCPM is a market-leader, and we are looking forward to supporting them in their next stage of growth.”
Skyway Capital Markets served as financial advisor to UCPM on the transaction. Goodwin Procter served as legal advisor to Bregal Sagemount on the transaction.
About Bregal Sagemount
Bregal Sagemount is a leading growth-focused private capital firm with more than $7.5 billion of cumulative capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 70 companies in a variety of sectors, including software, information / data services, financial technology & financial services, digital infrastructure, healthcare IT, and business & consumer services. The firm has offices in New York, Palo Alto, and Dallas. For more information, visit the Sagemount website: www.sagemount.com or follow us on LinkedIn.
About UCPM
UCPM Insurance is one of the largest environmental insurance wholesalers in the country, offering innovative solutions for specialized insurance needs. With a history rooted in integrity and a commitment to technology-driven services, UCPM continues to lead the way in environmental risk management.
