GTCR-Backed AssuredPartners Completes Acquisition of AxisPointe

AssuredPartners, a portfolio company of GTCR, has completed its buy of AxisPointe. No financial terms were disclosed. Based in West Orange, NJ, AxisPointe is an independent insurance agency.

PRESS RELEASE

LAKE MARY, Fla. (PRWEB) August 23, 2013
AssuredPartners, Inc., through its subsidiary Jamison, has completed the acquisition of AxisPointe, Inc., an independent insurance agency located in West Orange, New Jersey. AxisPointe offers employee benefits products and services; business and individual planning; and professional liability, general insurance and risk management solutions.
Founded in 1991, AxisPointe has assisted New Jersey-area public and non-profit corporations with diverse workforces with their employee benefit programs for decades. As insurance advisors, AxisPointe focuses on the needs of each client, and customizes benefit plans to meet each client’s unique requirements.
“Excellent client service is the cornerstone of our operations,” said Aida Visakay, President and Manager of AxisPointe. “As a member of Jamison and AssuredPartners, our agents will leverage new resources to deliver best-in-class solutions to our clients to make a real difference in the lives of their employees and families.”
“AxisPointe is known for their professionalism and knowledge of the industry, and have built trusted relationships with each of their clients,” said Tom Riley, President and COO at AssuredPartners, Inc. “As we continue to grow nationally, we look to partner with agencies that combine excellent client service and a depth of expertise. We are pleased to welcome AxisPointe to the AssuredPartners team.”
AxisPointe, Inc. currently operates out of West Orange, New Jersey. The agency has a workforce of four agents and staff that will join Jamison, under the leadership of John McDonald and Sean Pattwell. For more information, please visit: http://axispointeinc.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 $250 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States with 81 offices in 13 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.