GTCR-backed AssuredPartners acquires MHB Insurance

AssuredPartners, a portfolio company of GTCR, has acquired MHB Insurance. No financial terms were disclosed. Based in Peekskill, NY, MHB Insurance is a life and health insurance provider.

PRESS RELEASE

Lake Mary, FL (PRWEB) April 03, 2014
AssuredPartners Inc., through its subsidiary Assured SKCG, recently acquired MHB Insurance, located in Peekskill, N.Y. The agency specializes in insurance for businesses, municipalities and individuals, and provides life, health and employee benefits services. MHB Insurance will combine operations with Assured SKCG.
“MHB Insurance has served clients with individual attention and customized service since our founding in 1919. Our core goals align with the Assured SKCG mission of providing personal service, professional analysis and sophisticated advice to clients,” said, Mike Vanderwerker, President of MHB Insurance. “As part of Assured SKCG and AssuredPartners, we have access to a depth of new resources, tools and options that will benefit our valued clients.”
“MHB Insurance is an insurance leader in the Hudson Valley. Their award winning customer service, expertise and knowledge will contribute significantly to Assured SKCG operations,” said Tom Kozera, Chairman and Chief Executive Officer of Assured SKCG. “We look forward to working with the MHB Insurance team, and welcome their clients to Assured SKCG.”
Assured SKCG is located in White Plains, N.Y., and became an AssuredPartners company in 2011. For more information about Assured SKCG, please visit: http://www.skcg.com. For more information about MHB Insurance, please visit: http://www.mhbinsurance.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 $325 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States with more than 80 offices in 25 states and a London office. Since 2011, AssuredPartners has acquired more than 50 insurance firms. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dcurtis (at) assuredptr (dot) com, or visit http://www.assuredptr.com.