AssuredPartners, a portfolio company of GTCR, has closed its buy of AirSure Limited. No financial terms were disclosed. Headquartered in Golden, Colorado, AirSure is an insurance agency geared for the aviation industry.
LAKE MARY, Fla. (PRWEB) February 05, 2014
AssuredPartners, Inc. has completed the acquisition of AirSure Limited, LLC. The agency specializes in insurance coverage, employee benefits and risk management services for business in the aviation industry, including commercial operations, corporate aircraft services and helicopters. AirSure Limited reports revenues of approximately $13 million.
Founded in 1984, AirSure Limited is headquartered in Golden, Colo., with additional operations in Plano, Texas. The acquisition marks AssuredPartners entrance into the Colorado and Texas markets.
“Joining AssuredPartners gives AirSure Limited the backing of a national agency, while enabling us to provide our clients with the best insurance and risk management guidance,” said Bill Behan, CEO of AirSure Limited. “Our clients will continue to receive the same service they know and trust, while benefiting from new insurance tools and resources available through AssuredPartners.”
As part of the acquisition, 35 AirSure Limited employees will join AssuredPartners. Operations will continue out of the Golden, Colo. and Plano, Texas office locations, under the local leadership of Behan.
“As AssuredPartners continues to expand, we look for agencies that possess high levels of expertise, professionalism, and respect. AirSure Limited has a combination of real world aviation experience and deep insurance expertise,” said Jim Henderson, Chairman and CEO of AssuredPartners, Inc. “We welcome the AirSure Limited employees to the AssuredPartners family.”
AirSure Limited will become the eighth AssuredPartners platform entity, joining Neace Lukens, headquartered in Louisville, Ky.; SKCG, headquartered in White Plains, NY; Jamison, headquartered in West Orange, NJ; Dawson Companies, headquartered in Cleveland, Ohio; SRA, headquartered in Kansas City, KS; AHM, headquartered in St. Louis, MO.; and Commercial Insurance Services, headquartered in Charleston, W.Va.
For more information, please visit: http://www.airsure.com/.
ABOUT ASSUREDPARTNERS, INC
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners Inc., a portfolio company of Chicago-based private equity firm GTCR, acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety, MGA/wholesalers) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to approximately $310 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States with more than 80 offices in 26 states and a London office. Since 2011, AssuredPartners has acquired more than 50 insurance firms. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dcurtis(at)assuredptr(dot)com, or visit http://www.assuredptr.com.