AssuredPartners Inc. announced its acquisition of WorkforceTactix Inc., an independent employee benefits and HR professional services consulting firm with offices in Sparks and Salisbury, Maryland. Terms of the transaction were not disclosed.
AssuredPartners said the transaction will help expand its presence in the Maryland and Mid-Atlantic region. “With the addition of WorkforceTactix, we continue to strengthen our visibility in Maryland and grow our national footprint,” AssuredPartners President and COO Tom Riley said.
WorkforceTactix’s 36 associates will join Crawford Advisors, an AssuredPartners subsidiary in Hunt Valley, Maryland, but will continue to operate from their existing locations in Sparks and Salisbury.
Founded in 1981, WorkforceTactix provides expertise in health and welfare planning, voluntary benefits, human resource compliance and professional services.
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. AssuredPartners is a portfolio company of Chicago-based private equity firm GTCR.
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