AssuredPartners Inc. has acquired substantially all of the assets of Arison Insurance Services Inc. Louisville, Kentucky-based Arison is an employee benefits agency. AssuredPartners is based in Lake Mary, Fla., and is a portfolio company of Chicago-based private equity firm GTCR.
AssuredPartners, Inc., through a subsidiary, Assured NL Insurance Agency, Inc. doing business as Neace Lukens, has acquired substantially all of the assets of Arison Insurance Services, Inc., based in Louisville, Kentucky.
Arison Insurance Services, with annual revenues approaching $5 million, is one of the premier employee benefits agencies in the Commonwealth of Kentucky, providing a wide-range of employee benefits products and related services to clients throughout Kentucky.
The Arison operations will be aligned with Neace Lukens’ existing offices in Kentucky, in terms of geography, client focus and product offerings. Tom Riley, President and Chief Operating Officer of AssuredPartners, Inc. stated, “This acquisition is a prime example of the resources and capabilities that we bring to agencies that partner with us. Arison will add efficiencies and scale to the already stellar benefits team at Neace Lukens.” John Neace, Chairman of Neace Lukens remarked, “With its strength in the employee benefits space, Arison was an attractive partner for Neace Lukens. This acquisition will allow us to grow our reach in Kentucky and add expertise to our team of employee benefits specialists.”
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 property and casualty and employee benefits brokerage businesses across the country. After just twelve months of operations, AssuredPartners has approximately $170 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States. For more information, please contact Dean Curtis, CFO, at (407) 708-0031 or [email protected], or visit www.assuredptr.com .
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. The Chicago-based firm pioneered the “Leaders Strategy” — finding and partnering with management leaders as the critical first step in identifying, acquiring and building market-leading companies through acquisitions and organic growth. Since its inception, GTCR has invested more than $9 billion in over 200 companies.