AssuredPartners Acquires Two Agencies

December 18, 2012

AssuredPartners Inc., based in Lake Mary, Fla., recently announced the acquisition of two independent insurance agencies.

In its first significant expansion west of the Mississippi River, AssuredPartners acquired substantially all of the assets of Schifman Remley and Associates Inc. in Mission, Kan. The acquisition also included substantially all of the assets of SRA Benefits Co. LLC, an affiliate of Schifman Remley and Associates.

With more than 80 employees and approximately $8.6 million in annualized revenue, Schifman Remley is the second largest independent insurance agency in the greater Kansas City area. Schifman Remley is a full-service insurance broker offering property/casualty insurance, employee benefits and life and health insurance to businesses and families throughout Kansas and Missouri.

Following the transaction, the Schifman Remley employees and operations will continue to operate from the company’s existing location in Mission under the highly regarded Schifman Remley name and under the leadership of Randy Larsen, and co-founders, Gary Remley and Bill Schifman.

AssuredPartners also announced that it has completed the acquisition of R. Stanford Webb Agency Inc. d/b/a Webb Insurance through The Dawson Companies, an operating unit of AssuredPartners. The Webb Insurance operations will remain at their current location in Asheville, N.C., and will continue under the leadership of John F. Webb, president of Webb Insurance.

Webb Insurance, which first opened its doors in 1925, is a full-service insurance agency offering property/casualty insurance, employee benefits and life and health insurance to businesses and families throughout western North Carolina.

Led by Jim Henderson and Tom Riley, AssuredPartners, a portfolio company of Chicago-based private equity firm GTCR, acquires and invests in insurance brokerage businesses (property/casualty, employee benefits, surety, MGA/wholesalers) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to approximately $200 million in annualized revenue with 58 offices in 13 states and a London office.

Source: AssuredPartners

 

 

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