AssuredPartners Inc. announced that its subsidiary, AssuredPartners of New Jersey, has acquired Moscker Insurance Agency Inc. in Severna Park, Maryland. Terms of the transaction were not disclosed.
Moscker Insurance Agency specializes in coverage for individuals, businesses, and life and health insurance products. The agency reports approximately $3 million in revenues.
As part of the acquisition, 14 Moscker Insurance Agency employees will join AssuredPartners, the announcement said. Operations will continue under the local leadership of Peter Moscker, principal of Moscker Insurance Agency.
Headquartered in Lake Mary, Florida, AssuredPartners acquires and invests in insurance brokerage businesses (property/casualty, employee benefits, surety and MGUs) across the U.S. and in London. Since its founding in 2011, AssuredPartners has grown to $500 million in annualized revenue with over 120 offices in 30 states and a London office.
Topics Mergers & Acquisitions
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