AssuredPartners, a GTCR portfolio company, has acquired Greater South Agency. Financial terms were not announced. Columbia, South Carolina-based Greater South is a family-owned insurance broker.
LAKE MARY, Fla. (PRWEB) April 30, 2015
AssuredPartners Inc., one of the fastest growing independent insurance agencies in the nation, is pleased to announce the acquisition of Greater South Agency, a family-owned insurance broker in Columbia, South Carolina. Since the late 1940s, the agency has been providing insurance solutions for commercial and personal clients, including property and casualty, employee benefits and safety services.
Greater South is a well-known leader in insuring the unique needs of animal agriculture businesses throughout the country. The agency will continue to operate under the leadership of President Whitner Slagsvol and Executive Vice President William Slagsvol.
“We take pride in working with our customers in the field, thoroughly understanding their businesses and tailoring coverage to each client at the best possible price,” said Whit Slagsvol. He added, “We’re excited about the enhanced national reach and strength we are gaining as an AssuredPartners company, while still being able to provide our customers with the personalized attention they have grown to expect from our team,” he added.
“The Greater South team members are the experts in animal agriculture insurance; specifically, the poultry industry. Whit has invested significant time and capital supporting the poultry industry—championing, speaking at and hosting educational industry events,” Tom Riley, President & COO, AssuredPartners, said. Paul Vredenburg, AssuredPartners EVP & chief acquisition officer added, “We are thrilled to welcome Greater South’s unique group and their expertise to the AssuredPartners team.”
For more information about Greater South Agency, Inc., visit: http://www.greatersouth.com.
About AssuredPartners Inc.
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners Inc. is a portfolio company of Chicago-based private equity firm GTCR. AssuredPartners acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGA/wholesalers) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to approximately $475 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States* with over 120 offices in 30 states and two London offices. Since 2011, AssuredPartners has acquired more than 90 insurance agencies. 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 in the July 21, 2014 edition, featuring the “100 largest brokers of U.S. business.”