AssuredPartners Inc. has acquired Birmingham, England-based Hettle Andrews & Associates Ltd. The transaction is subject to customary approval by the Financial Conduct Authority and the deal terms have not been disclosed.
Hettle Andrews is an integrated risk management and insurance broking firm, focused on the education, charity and corporate sectors in the United Kingdom. Co-founded in 2004 by Jon Hettle and Jo Andrews, the business employs over 30 people and records gross written premiums Hettle Andrews of over £20 million ($24.8 million) per annum for its clients.
AssuredPartners is an independent insurance agency based in Lake Mary, Fla. and led by Jim Henderson and Tom Riley. Founded in 2011, Assured Partners has acquired in excess of 280 agencies, with offices in 30 states and circa 6,000 employees. Following the recent sale of AssuredPartners to GTCR, the acquisition is a sign of intent to grow the AssuredPartners footprint across the UK, and to further develop its operations in London during GTCR’s ownership.
AssuredPartners Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGUs) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to over $1.2 billion in annualized revenue.
Source: AssuredPartners Inc.
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