Thayer Street backs Union Bay

Union Bay Risk Advisors  has secured a growth investment from Thayer Street Partners to accelerate its roll-up strategy and upgrade its operating infrastructure. The Lancaster-based P&C brokerage has used part of the investment to repay its credit facility.

The deal follows Union Bay’s 17th acquisition, giving the firm a presence across seven states and access to more than 150 carrier relationships. The new capital is intended to support additional M&A as the company works toward its goal of becoming a Top 100 national brokerage.

With a cleaner balance sheet and a steady integration track record, Union Bay is positioning itself for continued expansion through organic growth and targeted deals in key regional markets.