AssuredPartners, a portfolio company of GTCR, has acquired Sheehan Insurance Group. No financial terms were disclosed. Based in Haymarket, Virginia, Sheehan Insurance Group specializes in insurance coverage for businesses.
Lake Mary, Fla (PRWEB) December 23, 2014
AssuredPartners Inc. has acquired the business and assets of Sheehan Insurance Service, Inc. (dba Sheehan Insurance Group). The agency specializes in insurance coverage for businesses, including the senior living, transportation and hospitality industries; and insurance for individuals. Sheehan Insurance Group reports revenues of approximately $4 million.
As part of the acquisition 22 employees will join AssuredPartners. Sheehan Insurance Group operations are based in Haymarket, Virginia, and will continue under the local leadership of Pat Sheehan.
“When working with clients our main goal is to develop comprehensive and cost effective insurance programs that protect what matters most for their businesses or lives,” said Pat Sheehan, President of Sheehan Insurance Group. “We are excited to bring our clients new tools and insurance options as part of the AssuredPartners team.”
“The Sheehan Insurance Group acquisition expands the AssuredPartners presence in Virginia,” said Tom Riley, President and COO of AssuredPartners, Inc. “We welcome the Sheehan Insurance Group staff and clients to the AssuredPartners team.”
For more information about Sheehan Insurance, please visit: http://sheehaninsurance.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 $400 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 27 states and a London office. Since 2011, AssuredPartners has acquired more than 75 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.