AssuredPartners, which is backed by GTCR, has acquired SKCG Group. Financial terms weren’t announced. White Plains, N.Y.-based SKCG is a risk management and insurance advisory firm. SKCG’s name and location will remain the same, according to a statement.
AssuredPartners, Inc., a portfolio company of leading Chicago-based private equity firm GTCR, closed its second investment with the acquisition of SKCG Group, a White Plains, New York-based insurance agency. With revenues of approximately $18 million, SKCG is one of the largest privately-held risk management and insurance advisory firms in the U.S. Since 1996, SKCG has been cited each year as a Top Performer nationwide by the Independent Insurance Agents of America Best Practices Study, evidencing the firm’s strong reputation in the industry. The acquisition provides AssuredPartners with a strategic asset and penetration into the greater New York metropolitan area.
“SKCG has established a premier reputation for client service and industry expertise which will contribute to the continued growth and success of AssuredPartners,” said Jim Henderson, CEO of AssuredPartners. “We are proud to have SKCG join the AssuredPartners team and expand our presence in the greater New York region.”
“We look forward to our team’s continued future success within the AssuredPartners organization,” commented Thomas Kozera, President and CEO of SKCG. “We believe that AssuredPartners will provide us with new capabilities and resources to better support our current and future customers while maintaining the quality service valued by our clients.”
As part of this partnership, AssuredPartners will provide SKCG with strategic and financial support to drive continued growth. The insurance broker will maintain its day to day operations, and the company’s name and location will remain the same. The financial terms of the deal were not disclosed.
ABOUT ASSUREDPARTNERS, INC
AssuredPartners Inc., headquartered in Lake Mary, Florida, acquires and invests in property and casualty and employee benefits brokerage businesses across the country. Jim Henderson can be contacted at (407) 708-0029 or email@example.com. Tom Riley can be contacted at (407) 708-0027 or firstname.lastname@example.org. For more information, please visit www.assuredptr.com.
ABOUT SKCG GROUP
SKCG Group is one of the largest privately-held insurance and risk management advisory firms in the United States. SKCG serves U.S. and international commercial and private clients who require sophisticated advice addressing multiple risk factors. SKCG’s technical expertise in identifying and dissecting risk, coupled with its ingrained culture of senior-level attention and client service, results in high levels of customer trust and loyalty. From insurance and private client services to group benefits and retirement planning services, SKCG’s marketplace success is due to its industry knowledge, analysis, experience and unique carrier relationships. To learn more, please visit www.skcg.com.
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. The Chicago-based firm pioneered the “Leaders Strategy” – finding and partnering with world-class leaders as the critical first step in identifying, acquiring and building market-leading companies through acquisitions and organic growth. Since its inception, GTCR has invested more than $8.5 billion in over 200 companies. For more information, please visit www.gtcr.com.