AssuredPartners, a portfolio company of GTCR, has acquired The Wright Group Services. No financial terms were disclosed. Based in Denver, The Wright Group Services specializes in employee benefits, property and casualty insurance and retirement services.
Lake Mary, FL (PRWEB) July 30, 2014
AssuredPartners Inc., through its subsidiary AssuredPartners of Colorado, has acquired The Wright Group Services. The agency specializes in employee benefits, property and casualty insurance and retirement services. Operations are based in Denver, with additional locations in Eagle and Colorado Springs, Colorado.
The agency will continue to operate under The Wright Group Services name and the local leadership of Bryan Wright, The Wright Group Services CEO, and Roger Forystek, The Wright Group Services President. The Wright Group Services reports revenues of approximately $7.4 million.
“For more than 35 years, our team has assisted our clients in controlling insurance expenses and collaborate on resolving their employee benefit and risk management challenges,” said Wright. “As part of the team at AssuredPartners, our clients will benefit from the increased support, resources and tools now available to us.”
Tom Riley, President and COO of AssuredPartners, Inc. added, “The AssuredPartners growth strategy centers on identifying and partnering with local and regional firms that fit with our common objectives. The Wright Group Services has an excellent reputation, culture and market footprint that makes it a great match for AssuredPartners. We welcome The Wright Group Services employees and clients into the AssuredPartners family.”
For more information about The Wright Group Services please visit: http://www.twgservices.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 $375 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 27 states and a London office. Since 2011, AssuredPartners has acquired more than 65 insurance firms. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or [email protected], or visit http://www.assuredptr.com.