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.
Viewpoint: The 10 Major Risks Shaping Insurance Today 
Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes 
Progressive Set to ‘Maximize’ Growth, Building on Q1 
Worsening Weather Igniting $25 Billion Weather Derivatives Market 
