Keenan & Associates, a Torrance, Calif.-based insurance consulting and brokerage firm, has entered into an agreement to join Lake Mary, Fla.-based brokerage AssuredPartners Inc.
Following the agreement, Keenan’s employees will continue operations under the current leadership of president and CEO Sean Smith. Smith and his current management team will continue to direct Keenan’s operations in its nine offices throughout California, and Smith will be joining AssuredPartners’ board of directors.
Keenan will also continue its focus on the public entity and healthcare markets and will provide additional distribution for AssuredPartners in California going forward.
The closing of the transaction is subject to customary closing conditions and regulatory approval. It is expected to be finalized in late March or early April 2017.
Source: Keenan & Associates
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