AssuredPartners Acquires AJM Insurance in New Jersey

October 3, 2013

AssuredPartners of New Jersey, an AssuredPartners Inc. platform operation, acquired Anderson-Jackson-Metts (d/b/a/ AJM Insurance).

AJM Insurance specializes in commercial insurance coverage, personal insurance coverage and financial planning and health benefits for corporations and individuals. The agency is one of the largest firms in southern New Jersey, reporting revenues of approximately $5.3 million. This acquisition marks the first deal for AssuredPartners of New Jersey, a newly formed platform operation of AssuredPartners Inc.

As part of the acquisition, 30 AJM Insurance employees will join AssuredPartners of New Jersey. Operations are based in Mt. Laurel, N.J., and will continue under the leadership of Tony Mahon and Salvatore Abate.

Headquartered in Lake Mary, Florida, and led by Jim Henderson and Tom Riley, AssuredPartners Inc. is a portfolio company of Chicago-based private equity firm GTCR.

AssuredPartners 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 $250 million in annualized revenue, with 81 offices in 13 states and a London office.

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