AssuredPartners, a GTCR portfolio company, has acquired Casualty Assurance of Chaska. Financial terms weren’t announced. Chaska, Minn.-based Casualty Assurance specializes in commercial insurance, employee benefits, and personal insurance, and serves clients throughout that state.
LAKE MARY, Fla. (PRWEB) October 15, 2014
AssuredPartners Inc., through its subsidiary AssuredPartners of Minnesota, LLC, has acquired Casualty Assurance of Chaska, LLC, located in Chaska, Minnesota. The agency specializes in commercial insurance, employee benefits, and personal insurance, and serves clients throughout Minnesota. Casualty Assurance of Chaska reports revenues of approximately $1.5 million.
As part of the acquisition, 15 employees will join AssuredPartners of Minnesota. Casualty Assurance of Chaska operations will continue in its current location, under the local leadership of Ted Rogers, President and CEO of Casualty Assurance of Chaska. The agency will report to Schifman Remley Associates, an AssuredPartners platform company.
“Since 1967, Casualty Assurance of Chaska has helped our clients secure the best insurance coverage for their businesses and families,” said Rogers. “We are excited to partner with AssuredPartners, the 13th largest broker of U.S. insurance business*, and tap into their many resources and tools to support our clients.”
“Casualty Assurance of Chaska is known for their professionalism, and the value they provide to their clients,” said Randy Larsen, President of Schifman Remley Associates. “Schifman Remley Associates looks forward to working with the Casualty Assurance of Chaska team, and we welcome them to the AssuredPartners family.”
Schifman Remley Associates is headquartered in Mission, Kansas, and became an AssuredPartners company in 2012. For more information about Schifman Remley Associates please visit: http://www.srains.com/. For more information about Casualty Assurance of Chaska please visit: http://www.casualtyassuranceinc.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 $390 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 70 insurance firms. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or email@example.com, or visit http://www.assuredptr.com.
*As ranked by Business Insurance magazine, published by Chicago-based Crain Communications, Inc. in July 2014.