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.
According to the companyâs website, Safeway Insurance is the largest privately held and family-owned auto insurance group in the U.S. The company claims that being privately owned gives both the company, and its more than 2,700 independent brokers, a great advantage over its competitors, as no institutional shareholders are involved.