Ascension Insurance Acquires Third North Carolina Agency

January 11, 2012

Ascension Insurance is expanding in North Carolina with its third agency acquisition in the state in the past three years.

Ascension’s most recent acquisition is Falcone Williams Insurance, located in Huntersville, North Carolina. Falcone Williams provides business and personal lines insurance from national and regional insurance carriers. Falcone plans to provide local services through 65 professionals in Charlotte, Shelby, Greensboro, and Raleigh, N.C.

The Kansas City, Mo.-based Ascension Insurance Inc. has 440 employees in 35 locations nationwise. With its equity partners, Parthenon Capital and Central and Century Capital Management, Ascension said it expects to produce $200 million in revenue over the next four years.

Previously, Ascension acquired Providence Insurance Agency of Charlotte and Raleigh in 2010 and Commercial Insurance Group of Charlotte in 2009. In 2008, the insurer made its first acquisition, First Charter Insurance Services.

Topics Mergers North Carolina

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