AssuredPartners, which is backed by GTCR, has acquired Lancaster, Pennsylvania-based StoudtAdvisors, an insurance broker that specializes in employee benefits programs and human resources consulting. No financial terms were disclosed.
LAKE MARY, Fla. (PRWEB) June 17, 2015
AssuredPartners Inc., one of the fastest growing independent insurance agencies in the nation, announces today the acquisition of StoudtAdvisors. This independent insurance broker specializes in employee benefits programs and human resources consulting services to businesses of all sizes in Central Pennsylvania and beyond. The agency will continue to operate from its existing Lancaster, Pennsylvania-based office under the local leadership of CEO and President David Stoudt.
As a second generation family-owned business since 1989, StoudtAdvisors helps clients develop and implement an innovative benefits package to maximize the health of their employees and business. The firm’s private health care exchange, Bright Choices, serves to support companies in managing their benefits budget. StoudtAdvisors also brings client expertise in all key human resources disciplines, including compensation, compliance, training and development, HR strategic planning and more.
“We operate under the same philosophy as when my father founded the company—clients deserve a far more in-depth approach with personalized, one-on-one benefit solutions,” said Stoudt. “As part of AssuredPartners, we will remain committed to partnering with our clients in a meaningful, personal way.”
“As we continue our expansion efforts with AssuredPartners, we look for agencies that share Crawford Advisors’ values and commitment to excellence,” said Crawford Advisors President Reagan Crawford. “We have known David and his father, Ken for years and have always admired and respected their professionalism, entrepreneurial spirit and integrity. We warmly welcome our newest associates to Crawford Advisors and AssuredPartners.”
AssuredPartners President and COO Tom Riley commented, “We are proud to expand our expertise in the employee benefits arena and Central Pennsylvania with the addition of a trusted business partner like StoudtAdvisors.”
For more information about StoudtAdvisors, visit: http://www.stoudtadvisors.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 firstname.lastname@example.org, or visit http://www.assuredptr.com.