AssuredPartners, a portfolio company of GTCR, has acquired the Sarasota, Florida-based MGA Property & Casualty Insurance Agency. No financial terms were disclosed.
Lake Mary, FL (PRWEB) November 14, 2013
AssuredPartners Inc., through its Dawson Companies platform, has acquired MGA Property & Casualty Insurance Agency, LLC, the retail division of MGA Insurance. Located in Sarasota, Fla., the agency specializes in property and casualty services, including workers’ compensation, builder’s risk insurance and surety bonding for businesses of all sizes; and personal insurance, including auto insurance, homeowners’ insurance and umbrella insurance policies.
MGA Property & Casualty Insurance Agency has offered a complete line of business and personal insurance solutions since 1999. The agency’s philosophy centers on putting clients first by balancing company goals with client expectations.
“As a family-run business, the needs of our clients and staff are our priority,” said Lou Marinaccio, Chief Executive Officer of MGA Property & Casualty Insurance Agency. “Joining AssuredPartners provides new and exciting opportunities for clients and staff alike. As part of AssuredPartners, our clients will now have access to more retail options to protect their businesses and families, while our staff will have access to great new resources and support tools.”
“The MGA staff is very knowledgeable and skilled in developing innovative and comprehensive property and casualty and personal insurance programs. Their expertise combined with decades of industry experience fits well within the AssuredPartners portfolio of services,” said Mike Sherman, CEO of the Dawson Companies. “We welcome the MGA Property & Casualty Insurance Agency agents and staff to the growing AssuredPartners family.”
As part of the acquisition, six MGA Property & Casualty Insurance Agency employees will join AssuredPartners. For more information, please visit: http://www.mga-insurance.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 $280 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 23 states and a London office. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dcurtis(at)assuredptr(dot)com, or visit http://www.assuredptr.com.