AssuredPartners, a portfolio company of GTCR, has closed its buy of Creech & Stafford Insurance Agency. No financial terms were disclosed. Based in Kentucky, Creech & Stafford is a personal and commercial insurance agency.
Lake Mary, Fla. (PRWEB) February 18, 2014
AssuredPartners, Inc., through its Neace Lukens platform, has completed the acquisition of Creech & Stafford Insurance Agency, Inc. The agency specializes in business insurance, including workers’ compensation, liability and group employee benefit plans; personal insurance, including home, automobile and renters’ insurance; and life and health services, including life insurance and long-term care.
Formed in 1982, Creech & Stafford has locations in Lexington and Hazard, Ky. and reports approximately $3.1 million in revenue. The firm is led by partners Lloyd Stafford and Doug Creech.
“Our first priority has always been providing clients with the right insurance solutions. Merging with Neace Lukens and AssuredPartners positions us to offer new products that help our clients protect their businesses and families,” said Lloyd Stafford, Partner of Creech & Stafford Insurance Agency. “As part of Neace Lukens, our clients will continue to receive the excellent service they know and trust.”
As part of the acquisition 18 Creech & Stafford Insurance Agency employees will join Neace Lukens. The Creech & Stafford Insurance Agency’s Lexington office will merge with the existing Neace Lukens Lexington branch in summer 2014. The Neace Lukens Lexington office operates under the leadership of Managing Director Bryan Raisor. Neace Lukens offers commercial property and casualty insurance, employee benefits programs, risk management consulting and personal insurance solutions.
“Creech & Stafford’s service-oriented and client-first approach to business makes them a good fit with the Neace Lukens culture. Their knowledge and experience will contribute greatly to our success,” said Larry Schaefer, President of Neace Lukens. “We welcome Creech & Stafford employees to the AssuredPartners and Neace Lukens team.”
“The Creech & Stafford acquisition supports the AssuredPartners goal of strengthening our presence in existing markets,” said Tom Riley, President and COO of AssuredPartners, Inc. “We are pleased to welcome Creech & Stafford to the rapidly growing AssuredPartners family.”
For more information please visit: http://www.creechandstafford.com.
ABOUT NEACE LUKENS
Founded in 1991, Neace Lukens specializes in commercial property and casualty insurance, employee benefits, risk management and individual insurance coverage. With more than 150 licensed agents and over 700 employees, Neace Lukens offers the resources of a large firm and the service of a local independent office. Neace Lukens is headquartered in Louisville, Ky., and has more than 35 offices throughout Kentucky, Ohio, Indiana, Illinois, Michigan, Tennessee, Georgia, Arkansas, Florida, Mississippi, Louisiana and South Carolina. Neace Lukens became an AssuredPartners, Inc. company in September 2011. For more information, visit us at http://www.neacelukens.com, or visit our blog, Facebook and LinkedIn pages.
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 $325 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.