AssuredPartners buys GBP Risk Solutions

AssuredPartners, which is backed by GTCR, has acquired Golseth & Gregson Insurance Services which does business as GBP Risk Solutions. Financial terms weren’t announced. Tucson, Ariz.-based GBP Risk Solutions, an insurance agency, offers large commercial insurance, personal commercial insurance as well as group employee benefits.

PRESS RELEASE

LAKE MARY, Fla. (PRWEB) August 27, 2013

AssuredPartners, Inc. has completed the acquisition of Golseth & Gregson Insurance Services D/B/A GBP Risk Solutions, an independent insurance agency based in Arizona. GBP Risk Solutions offers large commercial insurance; personal commercial insurance; group employee benefits; individual life and health insurance; retirement plans; bonds; and workers’ compensation.
GBP Risk Solutions has helped Tucson-area clients manage and plan for their potential risks for decades, and operates on the principle of providing superior client services and quality insurance solutions.
“As part of AssuredPartners, we have a unique opportunity to offer a mix of new insurance services and innovative business solutions to our clients,” said Rick Gregson, President of GBP Risk Solutions. “Our clients will continue to receive the high level of service they have come to know and trust, while our agents will have access to many valuable AssuredPartners resources and support services.”
“GBP Risk Solutions is well known in the Tucson-area for their dedication to their clients, and their deep knowledge of a wide range of insurance products,” said Tom Riley, President and COO at AssuredPartners, Inc. “We welcome the GBP Risk Solutions operations to the growing AssuredPartners team.”
GBP Risk Solutions currently operates out of Tucson and Phoenix, Ariz. The agency has a workforce of 16 agents and staff that will join AssuredPartners, including Rick Gregson, GBP Risk Solutions president. New York-based Harbinger Ventures Group, Inc. served as advisor to GBP Risk Solutions on this transaction. For more information, please visit: http://www.gbprs.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 $250 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States with 81 offices in 13 states and a London office. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dcurtis(at)assuredptr(dot)com, or visit http://www.assuredptr.com.