AssuredPartners buys BRG Insurance

AssuredPartners, which is backed by GTCR, has acquired BRG Insurance and Bonds. Financial terms weren’t announced. Lake Mary, Fla.-based BRG specializes in insurance protection programs for contractors, manufacturers, nursing homes, assisted living facilities, strip malls, building owners, medical offices, and storage facilities.

PRESS RELEASE

Lake Mary, FL (PRWEB) January 08, 2015
AssuredPartners Inc. has acquired BRG Insurance and Bonds located in Lake Mary, Florida. The agency specializes in insurance protection programs for contractors, manufacturers, nursing homes, assisted living facilities, strip malls, building owners, medical offices, and storage facilities.
Operations will continue under the local leadership of James Breen, Principal of BRG Insurance and Bonds. The firm will report through Dawson Companies, an AssuredPartners platform company and in turn will transition into a Dawson Companies of Florida operation.
“Our mission is to provide our clients with the best insurance and surety products supported with excellent service backed by our standards of honesty, loyalty and virtue,” said Breen. “We are looking forward to joining AssuredPartners and providing our clients with expanded coverage options.”
“BRG Insurance and Bonds has over 50 years of combined working knowledge and experience in creating commercial, personal insurance and bonding programs. Their experience will be a great addition to the AssuredPartners footprint in Florida,” said Tom Riley, President and COO of AssuredPartners, Inc. “We welcome the BRG Insurance and Bonds staff and clients to the AssuredPartners family.”
For more information about BRG Insurance and Bonds, please visit: http://www.brginsbonds.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 $400 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 75 insurance firms. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dcurtis(at)assuredptr(dot)com, or visithttp://www.assuredptr.com.