AssuredPartners Acquires Premiere Coastal Insurance Group in South Carolina

AssuredPartners Inc., through its subsidiary Assured Neace Lukens, has acquired Premiere Coastal Insurance Group. No financial terms were disclosed.

Premiere Coastal Insurance Group specializes in providing insurance coverage for executive and high net worth individuals, businesses, and the aviation industry.

Premiere Coastal Insurance Group operations are based in Bluffton, South Carolina and St. Simons Island, Georgia, and will continue under the local leadership of Robert B. Kerdasha, president of Premiere Coastal Insurance Group. Kerdasha’s new title with AssuredPartners is managing director of personal risk management in the Bluffton, South Carolina office.

AssuredPartners’ Regional Vice President Louis Berman said Premiere Coastal Insurance Group’s high net worth focus complements AssuredPartners’ personal insurance capabilities and expands the AssuredPartners’ footprint in new markets.

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. From its founding in 2011, AssuredPartners has acquired 72 insurance firms and has grown to $390 million in annualized revenue, with more than 80 offices in 27 states and a London office. AssuredPartners is a portfolio company of Chicago-based private equity firm GTCR.

Topics Mergers & Acquisitions South Carolina