AssuredPartners Inc. has promoted Paul Vredenburg to the new role of executive vice president and chief acquisition officer.
In his new position, Vredenburg will work to expand the AssuredPartners national footprint through the acquisitions of insurance agencies. Vredenburg will work with organization leadership, insurance carriers, investment bankers and industry sources to identify potential agencies to become part of the AssuredPartners portfolio of insurance companies. He will develop specific transaction structures for each potential agency and see the acquisition process through to closing.
“Paul is a pivotal member of the AssuredPartners leadership team, and is a dedicated, sharp and passionate individual. He has contributed greatly to our success throughout the past two years,” said Tom Riley, president and chief operating officer of AssuredPartners. “Paul will continue to grow the AssuredPartners footprint through careful identification and evaluation of potential agencies in his new role as executive vice president and chief acquisition officer.”
Previously, Vredenburg was the senior vice president – corporate development at AssuredPartners, and was responsible for the valuation of firms, developing transaction structures and overseeing the acquisition process. Vredenburg has more than 13 years of experience in the insurance industry and specializes in the valuation of insurance agencies and brokerages.
Headquartered in Lake Mary, Fla., and led by Jim Henderson and Tom Riley, AssuredPartners Inc., a portfolio company of Chicago-based private equity firm GTCR, acquires and invests in property and casualty and employee benefits brokerage businesses across the country. From its founding in March of 2011, AssuredPartners has grown to approximately $230 million in annualized revenue.