Patriot National, which provides workers' compensation brokerage and administration services for insurance companies, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.
The Fort Lauderdale, FL-based company, which was founded in 2003 and booked $91 million in sales for the 12 months ended September 30, 2014, plans to list on the NYSE under the symbol PN. Patriot National initially filed confidentially on October 10, 2014. UBS Investment Bank, BMO Capital Markets and Suntrust Robinson Humphrey are the joint bookrunners on the deal. No pricing terms were disclosed.
