AssuredPartners Acquires A.J. Lupas Insurance Agency, Inc.

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Pennsylvania-based agency offers insurance coverage for individuals and businesses

AssuredPartners

A.J. Lupas Insurance Agency has been a leader in the market for more than 75 years. Their expertise and commitment to the insurance industry will strengthen AssuredPartners.” said Tom Riley, President and COO of AssuredPartners, Inc.

AssuredPartners Inc. has acquired A.J. Lupas Insurance Agency, Inc. in Plains, Pennsylvania. The agency specializes in coverage for individuals, businesses, and life and health insurance products. A.J. Lupas Insurance Agency reports approximately $3 million in revenues.

As part of the acquisition, 23 A.J. Lupas employees will join AssuredPartners. Operations will continue under the local leadership of Gino Bartoli, Principal of A.J. Lupas Insurance Agency.

“Since 1935, the mission of A.J. Lupas Insurance Agency has been to provide customers with the best insurance value and service available,” said Bartoli. “We are excited to join AssuredPartners to utilize the many resources available to us as part of the 13th largest insurance brokerage in the United States* and provide our clients with new coverage options.”

“A.J. Lupas Insurance Agency has been a leader in the market for more than 75 years. Their expertise and commitment to the insurance industry will strengthen the AssuredPartners presence in Pennsylvania,” said Tom Riley, President and COO of AssuredPartners, Inc. “We welcome the A.J. Lupas Insurance Agency staff and clients to the AssuredPartners family.”

For more information about A.J. Lupas Insurance Agency, please visit: http://www.ajlupasinsurance.com.    

ABOUT ASSUREDPARTNERS, INC
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners Inc., a portfolio company of Chicago-based private equity firm GTCR, acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety, MGA/wholesalers) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to approximately $400 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States with more than 80 offices in 27 states and a London office. Since 2011, AssuredPartners has acquired 74 insurance firms. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dcurtis(at)assuredptr(dot)com, or visit http://www.assuredptr.com.

*As ranked by Business Insurance magazine, published by Chicago-based Crain Communications, Inc. in July 2014.
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