AssuredPartners of Missouri, a subsidiary of the GTCR-backed AssuredPartners, has closed its buy of AHM Financial Group’s insurance business. No financial terms were disclosed. As a result of the transaction, 100 AHM Financial Group employees will join AssuredPartners of Missouri, which will be based in St. Louis and continue under the leadership of Rich Harkwell and Chase Butler.
Lake Mary, FL (PRWEB) November 12, 2013
AssuredPartners of Missouri, an AssuredPartners, Inc. platform operation, has completed the asset acquisition of the AHM Financial Group LLC insurance business. The St. Louis-based agency offers commercial, personal, and employee benefits insurance for businesses and individuals. AHM Financial Group reports revenues of about $17 million, making it one of the largest AssuredPartners acquisitions in 2013.
The AHM Financial Group acquisition marks the sixteenth deal for AssuredPartners in 2013. Under terms of the acquisition, the agency will continue to operate as AHM Financial Group. The transition will be seamless for existing AHM Financial Group clients.
“Our goal is to help clients protect, manage and grow what matters most to them through innovative commercial, personal and employee benefits insurance programs,” said Rich Harkwell, President and CEO at AHM Financial Group. “As part of AssuredPartners, we will provide the same level of service and dedication our clients know and expect, while offering beneficial new insurance products and resources.”
As part of the acquisition, 100 AHM Financial Group employees will join AssuredPartners of Missouri. Operations are based out of St. Louis, and will continue under the leadership of Rich Harkwell and Chase Butler.
“This is the next step in the evolution of AHM,” said Stephen J. Hall, Chairman of AHM Financial Group. “We are very pleased and excited to be associated with AssuredPartners and we are confident that their support and our local leadership will allow us to expand our client services, grow our client base, and increase our overall presence in the Midwest.”
“The AHM Financial Group acquisition is our first deal in Missouri, and we look forward to establishing a presence in the state and strengthening our position in the Midwest,” said Tom Riley, President and COO at AssuredPartners. “We welcome the talented AHM Financial Group agents and staff to the rapidly-growing AssuredPartners family.”
For more information about AHM Financial Group, please visit: AHM Financial Group.
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.