AssuredPartners Inc., a GTCR portfolio company, has acquired T.A. Cummings Jr. Company. Financial terms weren’t announced. Skokie, Illinois-based T.A. Cummings provides property and casualty and personal insurance products and services to commercial clients and individuals.
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 T.A. Cummings Jr. Company in Skokie, Illinois, a northern suburb of Chicago.
T.A. Cummings has been delivering full service property and casualty and personal insurance products and services to commercial clients and individuals for the past 85 years. Its portfolio is diverse, serving clients nationwide in a variety of industries. The $6.5 million-dollar revenue agency and its 42 employees will continue to operate under the local leadership of President Scott Cummings.
“This partnership provides an opportunity to further improve and increase the value we have consistently delivered to our clients,” said Cummings. “We look forward to a seamless transition as we join a national network of agencies and gain additional carrier relationships and resources.”
Tom Riley, president and COO, Assured Partners, said, “We welcome the employees, clients, and rich history and character of T.A. Cummings to the AssuredPartners team.” He added, “Their commitment to quality client service since 1930 is a great addition to our growing presence in metropolitan Chicago and the Midwest.”
For more information about T.A. Cummings Jr. Company, visit: http://www.tacummings.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 firstname.lastname@example.org, 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.”