AssuredPartners Posts 36.7% Revenue Increase in 2012

Lake Mary, Fla.-based AssuredPartners Inc. posted a revenue increase of 36.7 percent in 2012, compared to 2011 revenue.

AssuredPartners, founded in March 2011, grew revenue from $172,316,140 in 2011 to $235,604,040 in 2012. The organization acquired 27 independent insurance agencies in 2012, which significantly contributed to the overall growth of the firm.

“Acquisitions are the cornerstone of the AssuredPartners growth strategy, and adding high-performing agencies to our firm is essential in continuing to strengthen the AssuredPartners operating model,” said Tom Riley, President and COO of AssuredPartners Inc. “Our goal is to provide value creation to sellers through organic and acquisition growth. This strategy has been the driving force for our expansion.”

AssuredPartners acquires small to middle market retail agencies that provide property and casualty, employee benefits, surety and MGA/wholesalers products and services.

“We offer an important perpetuation solution for agencies looking to the future,” said Jim Henderson, chairman and CEO of AssuredPartners Inc.

AssuredPartners platform companies include: Neace Lukens, headquartered in Louisville, KY; Jamison, headquartered in West Orange, N.J.; SKCG, headquartered in White Plains, N.Y.; Dawson Companies, headquartered in Cleveland, Ohio; and Schifman Remley Associates, headquartered in Kansas City, Kan.

AssuredPartners employs more than 1,350 agents and staff.

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.

Source: AssuredPartners Inc.

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