AssuredPartners Inc. has acquired Omni Risk Management and Omni Benefits in Smithtown, New York. The firm specializes in coverage for commercial insurance with a specialty in construction coverage, surety bonding, personal insurance, as well as life and health insurance products. Omni has approximately $6 million in revenues.
As part of the acquisition, 25 Omni employees will join AssuredPartners. Omni Risk’s Long Island, New York, office will continue under the management of founders: Rob Mastrantonio, president; Frank Strcich, vice president-Insurance; and Glenn Glubiak, vice president-Surety.
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 76 insurance firms and has grown to approximately $420 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.
Topics Mergers & Acquisitions New York
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