AssuredPartners Inc., through its subsidiary AssuredPartners of Maryland, LLC, has acquired Crawford Advisors, LLC, in Hunt Valley, Maryland. Terms of the transaction were not disclosed.
Crawford Advisors specializes in employee benefits and compliance services for mid-market and large companies. It reports approximately $12 million in revenue.
AssuredPartners said Crawford Advisors offers a wide range of health, life, disability and voluntary benefit programs that will strengthen AssuredPartners’ employee benefits capabilities nationally.
As part of the acquisition, 60 Crawford Advisors employees will join AssuredPartners. Local operations will continue under the leadership of Reagan Crawford, AssuredPartners said.
Headquartered in Lake Mary, Florida, AssuredPartners acquires and invests in insurance brokerage businesses (property/casualty, employee benefits, surety, MGA/wholesalers) across the U.S. and in London. From its founding in 2011, AssuredPartners has acquired 69 insurance firms and has grown to $380 million in annualized revenue, with more than 80 offices in 27 states and a London office. AssuredPartners is a portfolio company of Chicago-based private equity firm GTCR.
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