Molting occurs about once a year in an adult lobster and is a vulnerable time in which the lobster retreats to a hiding spot and withdraws out of its shell. After molting the lobster's body is very soft and it can take a few months for its shell to harden again.
Madison Capital Funding closed a senior debt facility to finance the Dividend Recapitalization of Goosehead Insurance. Madison Capital Funding is the Sole Lender and Administrative Agent. Further terms were not disclosed. Goosehead Insurance is one of the largest and fastest growing personal lines insurance agencies in the country. Founded in 2001, Madison Capital Funding is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance products.
Industry-leading client retention and organic growth drive success. Global expansion and client retention propelled Lockton Companies to exceed the $1 billion revenue mark in the latest ranking of brokers by Business Insurance magazine. Lockton reported total revenues of $1.01 billion and organic growth of 11 percent. Lockton ranks 9th among global brokers and remains the worldâs largest privately held independent broker. The rankings were published on July 15, 2013.