AssuredPartners Inc. announced that its subsidiary, AssuredPartners of New Jersey, has acquired Wilson H. Flock Insurance Inc., an independent agency based in Wyoming, Pennsylvania. Terms of the transaction were not disclosed.
Established in 1937, Wilson H. Flock specializes in coverage for individuals, businesses, and life insurance products. The agency reports approximately $1.4 million in revenues.
As part of the acquisition, 14 Wilson H. Flock employees will join AssuredPartners, the announcement said.
Headquartered in Lake Mary, Florida, AssuredPartners acquires and invests in insurance brokerage businesses (property/casualty, employee benefits, surety and MGUs) across the U.S. and in London. Since its founding in 2011, AssuredPartners has grown to $500 million in annualized revenue with over 120 offices in 30 states and a London office.
Was this article valuable?
Here are more articles you may enjoy.