AssuredPartners, a portfolio company of GTCR, has acquired Wichita, Kansas-based Chapple Insurance Group, a property and casualty insurance broker. No financial terms were disclosed.
Lake Mary, Fla (PRWEB) January 28, 2015
AssuredPartners Inc., one of the fastest growing independent insurance agencies in the nation, is pleased to announce the acquisition of Chapple Insurance Group, based in Wichita, Kansas. Chapple Insurance represents over 1,000 property and casualty clients in a wide range of industries throughout the United States, China, Canada, Mexico and Iraq.
The $2.5 million dollar-agency will continue to operate from its current location under the local leadership of Owner & President Charles J. Chapple. It will report through SRA insurance agency of Mission, Kansas, an AssuredPartners platform company for the Midwest region.
The addition of Chapple to the Midwest region brings another large regional market under the AssuredPartner umbrella. “Chapple Insurance has an excellent reputation and an impressive client list, both in the Wichita area and beyond,” said SRA President Randy Larsen. “We have followed their success for a long time and are thrilled to have them join Assured’s Midwest region.”
“Protecting our business and personal clients’ assets is our number one priority. AssuredPartners shares our customer-first philosophy and the goal to service customers better than anyone,” commented Chapple.
AssuredPartners President and COO Tom Riley added, “The extensive insurance and risk management knowledge and experience of Chapple Insurance’s team will be a valuable addition to the AssuredPartners network. We welcome the professionals and clients of Chapple Insurance to the AssuredPartners family.”
For more information about Chapple Insurance, visit http://www.cigcorp.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 $420 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States* with over 100 offices in 27 states and two London offices. Since 2011, AssuredPartners has acquired more than 80 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.