AssuredPartners, which is backed by GTCR, has acquired Birmingham, Alabama-based transportation broker Johnson-Locklin & Associates. No financial terms were disclosed.
Lake Mary, Fla. (PRWEB) June 18, 2015
AssuredPartners Inc., one of the fastest growing independent insurance agencies in the nation, is pleased to announce the acquisition of Johnson-Locklin & Associates. The transportation brokerage specialist and its employees will continue to operate under the local leadership of President and Founder Andy Locklin in Birmingham, Alabama.
Johnson-Locklin has partnered with clients for the past 30 years, serving their trucking, warehousing and logistics needs. Its experienced commercial lines staff provides the full range of transportation services and products, from Trucker’s Liability to Physical Damage to Excess Cargo, Bonds, Workers’ Compensation and much more.
“Our team members bring their depth of experience, knowledge and passion to each and every client’s account,” said Locklin. “We look forward to addressing our clients’ unique exposures with even more resources and insurance relationships as an AssuredPartner.”
Senior Vice President Louis Berman of Neace Lukens commented, “We are excited to grow our capabilities with Johnson-Locklin’s trucking expertise and longstanding partnerships.” President and COO of AssuredPartners, Tom Riley, added, “We welcome Andy and his dedicated team to our Company, and are delighted to expand our reach and specialization in Alabama and the Southern region.”
For more information about Johnson-Locklin & Associates, visit: http://www.johnson-locklin.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 over $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 a London office. Since 2011, AssuredPartners has acquired more than 90 insurance agencies. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dcurtis(at)assuredptr(dot)com, or visit http://www.assuredptr.com.