AssuredPartners Inc. announced its acquisition of StoudtAdvisors in Lancaster, Pennsylvania. Terms of the transaction were not disclosed.
StoudtAdvisors is an independent insurance broker specializing in employee benefits programs and human resources consulting services to businesses in the central Pennsylvania region. StoudtAdvisors will continue to operate from its existing Lancaster office under the local leadership of CEO and president David Stoudt.
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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