AssuredPartners Inc. announced last week that it has completed the acquisition of Platinum Planning (doing business as Walsh Benefits). Terms of the transaction were not disclosed.
Walsh Benefits operates in the New Jersey cities of Fair Haven and Cranford under the leadership of Paul Walsh, president, and Maryellen Walsh, co-founder and vice president.
The agency is an employee benefits broker specializing in group and voluntary benefit product offerings, including medical, dental and 401k. Walsh Benefits also provides HR workplace services, such as HR consulting and payroll management. The insurance broker reports revenues of approximately $4.6 million.
“The Walsh Benefits acquisition continues to strengthen our presence in the New Jersey marketplace,” said Tom Riley, president and chief operating officer of AssuredPartners.
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 grown to approximately $475 million in annualized revenue, with over 120 offices in 30 states and two London offices. AssuredPartners is a portfolio company of Chicago-based private equity firm GTCR.
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