AssuredPartners, Inc., a Lake Mary, Florida-based independent P&C insurance brokerage, has been acquired by Apax Partners.
AssuredPartners was a part of GTCR, a private equity firm located in Chicago.
Founded in 2011 and led by Jim Henderson, CEO, and Tom Riley, President and COO, AssuredPartners has offices in over 30 states, the District of Columbia and London. The company leverages its network of agencies to provide property and casualty and employee benefits insurance brokerage services to commercial enterprises and individuals.
The firm acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU’s) across the United States and in London.
Since its founding, AssuredPartners has acquired more than 110 insurance agencies. The last one was Wilson H. Flock Insurance, Inc., a Wyoming, PA-based agency which specializes in coverage for individuals, businesses, and life insurance products.