AssuredPartners Inc. has acquired RIS Insurance Services of Anacortes, Wash.
Terms of the deal were not disclosed.
The team of 40 RIS Insurance Services employees will remain under the operational leadership of Jim Jermyn and Bill Gillespie. The agency currently reports $7 million in annualized revenues.
RIS Insurance Services offers personal and commercial insurance, and specializes in truck insurance.
Lake Mary, Fla.-based AssuredPartners Inc. acquires and invests in insurance brokerage businesses across the U.S. and in London.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Comulate Loses Appeal for Injunction Against Applied Systems 
Moody’s: US Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event 
JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims 
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
