Bregal Sagemount Basecamp announces investment in UCPM

Bregal Sagemount, a growth-focused private equity firm, announced a minority growth investment from its inaugural $500 million small-cap fund in United Commercial Program Managers, a specialty insurance wholesaler and program manager focused on environmental insurance.

Headquartered in Gilbert, Arizona, UCPM Insurance is one of the largest environmental insurance wholesalers in the country.

“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.” – Blair Greenberg, Partner, Bregal Sagemount.

“UCPM is highly focused on adding value to our agent partners and their clients. 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.” – UCPM President Tim Clegg.

“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.” – Jordan Walton, Co-Head of Basecamp.