AssuredPartners Completes 100th Acquisition
LAKE MARY, Fla. (PRWEB) June 23, 2015 -- AssuredPartners Inc., one of the fastest growing independent insurance agencies in the nation, is pleased to announce that it has acquired 100 agencies since its 2011 inception. The acquisition of WorkforceTactix, Inc., an employee benefits and human resources consulting firm in Hunt Valley, Maryland marks # 100.
A strategic partnership between the founders of AssuredPartners and the Chicago-based private equity firm GTCR, created and catapulted the insurance broker that is now one of the largest independent insurance brokers in the United States*. The shared vision that launched the Company continues to drive it today: create the leading middle market retail insurance brokerage firm in the nation by partnering with successful regional and local agencies through a disciplined consolidation strategy.
In 2015 alone, AssuredPartner has closed 20 acquisitions, its fastest pace by far. Beginning with its inaugural acquisition of Louisville, KY-based Neace Lukens in September of 2011, AssuredPartners has helped insurance firms expand their capabilities and footprint and achieve long-term growth through its access to capital, resources and best practices. In less than four years and through 11 regional platform companies, the broker has grown to over $475 million in revenue, with 2,500 employees in 30 states and 230,000 clients across the country and in London.
CEO and Chairman Jim Henderson comments on the 100th achievement, “We are fortunate to have joined outstanding insurance professionals, who in turn have attracted like quality. Our leadership team has given the respect and personalized attention to every transaction as if it’s our only one. We are better together and will create opportunities for all our stakeholders. The best is yet to come.”
“To close on 100 transactions in less than four years says a lot about our team members, who are talented, determined, dedicated, and in my opinion, the best in the industry,” said President and COO Tom Riley.
EVP and Chief Acquisition Officer Paul Vredenburg adds, “Our pipeline continues to be robust and extremely active. The number of firms interested in AP continues to increase as we expand our footprint and strengths. We believe 2015 will be our most active in terms of total transactions, considering we closed our 20th deal in the first week of June.”
To learn more about AssuredPartners, please visit: http://www.assuredptr.com.
ABOUT ASSUREDPARTNERS, INC.
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners Inc. is a portfolio company of Chicago-based private equity firm GTCR. AssuredPartners acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGA/wholesalers) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to over $475 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States* with over 120 offices in 30 states and a London office. Since 2011, AssuredPartners has acquired 100 insurance agencies. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or [email protected], or visit http://www.assuredptr.com.
*As ranked by Business Insurance in the July 21, 2014 edition, featuring the “100 largest brokers of U.S. business.”
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Dean Curtis, AssuredPartners, Inc., http://www.assuredptr.com, 407-708-0031, [email protected]
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