GTCR closes sale of AssuredPartners to Apax

GTCR has completed the sale of AssuredPartners Inc. to Apax Partners. Lake Mary, Florida-based AssuredPartners acquires and invests in insurance brokerage businesses across the U.S. and in London.

PRESS RELEASE

LAKE MARY, FLA (PRWEB) OCTOBER 26, 2015
AssuredPartners, Inc. is proud to announce the sale of the company to Apax Partners. Founded in 2011, AssuredPartners is the 6th largest independent P&C insurance brokerage in the nation with offices in over 30 states, the District of Columbia and London. Through Assured’s network of agencies, the Company provides property and casualty and employee benefits insurance brokerage services to commercial enterprises and individuals.
Prior to the sale, AssuredPartners, Inc. was a part of GTCR, a leading private equity firm located in Chicago. “GTCR was a great partner and gave us the ability to combine our experience with their access to capital and operating discipline to build a national broker platform though acquisitions and organic growth.” said Jim Henderson, CEO of AssuredPartners.
“Since forming AssuredPartners in 2011, there have been 112 completed acquisitions allowing us to become one of the leading middle market insurance brokers in the United States.” said Tom Riley, President and COO of AssuredPartners. “The foundation has now been set and we are looking onward to the next level with Apax Partners. Their resources for “Operational Excellence” is welcomed and expected to bring significant value to our organization.”
ABOUT ASSUREDPARTNERS, INC
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners, Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU’s) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to $500 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 110 insurance agencies. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dcurtis(at)assuredptr(dot)com, or visit http://www.assuredptr.com.
*As ranked by Business Insurance in the July 20, 2015 edition, featuring the “100 largest brokers of U.S. business.”
ABOUT APAX PARTNERS
Apax Partners is one of the world’s leading private equity investment groups. It operates globally and has more than 30 years of investing experience. Apax Partners has advised funds that total over $40 billion around the world in aggregate. Funds advised by Apax invest in companies across four global sectors of Tech & Telco, Consumer, Healthcare, and Services. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax, please visit http://www.apax.com
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