Lake Mary, Fla.-based AssuredPartners Inc., through its subsidiary Assured SKCG, recently acquired MHB Insurance, located in Peekskill, N.Y. Terms of the transaction were not disclosed.
Founded in 1919, MHB Insurance specializes in insurance for businesses, municipalities and individuals, and provides life, health and employee benefits services. MHB Insurance will combine operations with Assured SKCG, which is located in White Plains, N.Y.
AssuredPartners 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 2011, AssuredPartners has grown to approximately $325 million in annualized revenue, with more than 80 offices in 26 states and a London office. Since 2011, AssuredPartners has acquired more than 50 insurance firms.
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