GI Partners Leads Recapitalization of Patriot Growth Insurance Services in Partnership with Founder and CEO Matt Gardner and Summit Partners

SAN FRANCISCO, Sept. 21, 2021 /PRNewswire/ — GI Partners, a leading private investment firm, announced today the recapitalization of Patriot Growth Insurance Services, LLC (“Patriot”), one of the country’s largest and fastest-growing national insurance agencies, in partnership with the company’s founder and CEO, Matt Gardner. Summit Partners, which invested in Patriot in 2019, and Patriot management will maintain significant minority ownership positions in the company.

Based in Fort Washington, PA, Patriot was founded in January 2019 by CEO Matt Gardner, a 30-year veteran of the insurance distribution industry. The company has differentiated itself in a highly competitive marketplace through its strategy of partnering with high-growth, well-run agencies, and an unwavering commitment to enhancing collaboration across the Patriot network. Since the company’s founding less than three years ago, Patriot has completed 64 agency partnerships, driven above-market organic growth, and established a broad national footprint spanning 18 states and serving over 100,000 clients.

Matt Gardner, Founder and CEO of Patriot, commented, “Since creating Patriot in 2019, we have remained laser-focused on our core mission of providing capital and resources to great entrepreneurs to help them accelerate growth. With added support from GI Partners, we will continue our strategy of curating only the very best agencies and fostering a highly collaborative environment with an ‘agency-first’ mindset. Summit Partners has been shoulder-to-shoulder with us since our founding, and we are thrilled to have them remain as investors as we continue on our growth journey.”

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