GTCR-backed AssuredPartners buys WorkforceTactix

AssuredPartners Inc, which is backed by GTCR, has acquired WorkforceTactix Inc, a provider of employee benefits and HR professional services consulting. No financial terms were disclosed.

PRESS RELEASE

LAKE MARY, Fla. (PRWEB) June 10, 2015

AssuredPartners Inc., one of the fastest growing independent insurance agencies in the nation, announces today the acquisition of WorkforceTactix, Inc., an independent employee benefits and HR professional services consulting firm. The firm’s 36 associates will join Crawford Advisors, an AssuredPartners subsidiary in Hunt Valley, Maryland, but will continue to operate from their existing location in Sparks and Salisbury, Maryland.

Founded in 1981, the Workforce team provides strategic expertise in health and welfare planning, voluntary benefits, human resource compliance, professional services and more. “We’ve developed a strong brand in the mid-Atlantic marketplace as a result of our strategy and talent, and have grown our platform based on feedback from our valued clients,” said WorkforceTactix CEO Christopher Swam. “As part of Crawford Advisors and AssuredPartners, we look forward to building upon our success by leveraging their national platform, gaining access to a broader selection of insurance products, and utilizing their enhanced client resources.”

“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. “Crawford Advisors has served employee benefit needs since 1977 and has thrived on client-driven innovation. We welcome our newest associates to Crawford Advisors and AssuredPartners.”

AssuredPartners President and COO Tom Riley added, “Part of our growth strategy is to build the presence of AssuredPartners in new and existing markets. With the addition of WorkforceTactix, we continue to strengthen our visibility in Maryland and grow our national footprint.”

For more information about WorkforceTactix, visit: http://www.workforcetactix.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 $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 dcurtis(AT)assuredptr.com, or visit http://www.assuredptr.com.