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GTCR-backed AssuredPartners buys Landry Harris

AssuredPartners, a portfolio company of GTCR, has acquired Landry Harris & Co. No financial terms were disclosed. Based in Lafayette, Louisiana, Landry Harris is a provider of commercial insurance, bonds, employee benefit programs and personal insurance.

PRESS RELEASE

LAKE MARY, Fla. – April 11, 2014 — AssuredPartners Inc., through its subsidiary AssuredPartners Gulf Coast Insurance Agency, has acquired Landry Harris & Co., located in Lafayette, La. Landry Harris & Co. specializes in commercial insurance, bonds, employee benefit programs and personal insurance.
As part of the acquisition, 37 Landry Harris employees will join AssuredPartners Gulf Coast Insurance Agency. Local operations will continue at 600 Jefferson Street in Lafayette, under the leadership of Landry Harris principals Mark Landry and Frankie Harris. Landry Harris & Co. reports revenues of approximately $10 million.
“Since 1950, Landry Harris has remained committed to the success of our clients and staff members. Joining AssuredPartners Gulf Coast allows the Landry Harris team to provide enhanced insurance products and services to our clients,” said Mark Landry, Principal of Landry Harris & Co. “We are excited to protect our clients’ businesses and families in new ways as part of AssuredPartners Gulf Coast Insurance Agency.”
“We share many core values with AssuredPartners Gulf Coast Insurance Agency, including integrity, teamwork and the importance of strong client relationships,” said Frankie Harris, Principal of Landry Harris & Co. “AssuredPartners Gulf Coast Insurance Agency is a great culture fit for the Landry Harris team and our clients.”
“The Landry Harris acquisition supports the AssuredPartners corporate growth strategy by establishing our presence in a new market,” said Tom Riley, President and COO of AssuredPartners, Inc. “The Landry Harris team has an impressive 175 years of combined insurance experience. We welcome Landry Harris staff and clients to the AssuredPartners family.”
For more information about Landry Harris & Co., please visit: www.landryharris.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 26 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@assuredptr.com, or visit http://www.assuredptr.com.