AssuredPartners Inc. has acquired the business and assets of Sheehan Insurance Group. Terms of the transaction were not disclosed.
As part of the acquisition 22 employees will join AssuredPartners. Sheehan Insurance Group operations are based in Haymarket, Virginia, and will continue under the local leadership of Pat Sheehan.
The agency specializes in insurance coverage for businesses, including the senior living, transportation and hospitality industries; and insurance for individuals. Sheehan Insurance Group reports revenues of approximately $4 million.
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. Since its founding in 2011, AssuredPartners has acquired more than 75 insurance firms and has grown to approximately $400 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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