“The addition of Armada Employer Services brings added value to our Employee Benefits practice throughout AssuredPartners,” said Tom Riley, President and COO of AssuredPartners
Lake Mary, Fla. (PRWEB) July 06, 2016
AssuredPartners, Inc. is proud to announce the acquisition of the benefits component of Armada Administrators of Hunt Valley, MD. Armada Employer Services is a full-service third party administrator (TPA) specializing in payroll and HRIS integration to manage supplemental plans and consumer-directed accounts. The staff of seven will relocate into the operations of Crawford Advisors and serve under the leadership of Crawford Advisor’s COO and Platform Leader Brian Bair.
“Armada’s decision to divest the remaining component of our Employer Services division is driven by the tremendous growth we have seen in our core businesses, Ultimate Health and TopDoc Connect”, said Keith Sullivan, Managing Partner and Co-founder of Armada. “Once we felt comfortable that we had found the best possible new home for our valued clients and loyal employees, it made sense strategically to refocus our resources on just those two businesses. We have every confidence that Crawford Advisors and AssuredPartners will continue to provide excellent service to our clients as well as an attractive culture for our employees.”
“The addition of Armada Employer Services brings added value to our Employee Benefits practice throughout AssuredPartners,” said Tom Riley, President and COO of AssuredPartners. “We are pleased to have the additional industry expertise available and we welcome the staff and clients of Armada Employer Services to AssuredPartners and Crawford Advisors.”
ABOUT ASSUREDPARTNERS, INC
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners, Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU’s) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to $600 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States* with over 125 offices in 30 states and a London office. Since 2011, AssuredPartners has acquired more than 150 insurance agencies. 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 in the July 20, 2015 edition, featuring the “100 largest brokers of U.S. business.”