AssuredPartners, which is backed by GTCR, has acquired American Westbrook Insurance Services. No financial terms were disclosed. Based in Westchester, Illinois, American Westbrook is an insurance provider.
Lake Mary, FL (PRWEB) December 29, 2014
AssuredPartners Inc. has acquired American Westbrook Insurance Services in Westchester, Illinois. The agency offers full service coverages in commercial property and casualty, executive liability, employee benefits, financial services and personal insurance as well as provides solutions in risk management, human capital management and more. American Westbrook Insurance Services reports revenues of approximately $14.5 million.
As part of the acquisition American Westbrook’s 70 employees will join AssuredPartners. American Westbrook Insurance Services The agencies’ operations will continue at the Westchester location, under the local leadership of CEO and President Kent Nelson. The agency will continue to trade under the American Westbrook brand.
“We are excited about the many benefits that this new partnership with AssuredPartners brings to our clients, employees and overall agency—from expanded resources to new carrier relationships to enhanced market reach,” said Mr. Nelson. “AssuredPartners is a perfect fit for our agency, to help us increase our footprint regionally and nationally and grow into an industry leader.”
“The American Westbrook Insurance Services acquisition continues to strengthen our presence in the Midwest,” said Tom Riley, President and COO of AssuredPartners, Inc. “We welcome American Westbrook Insurance Services staff and clients to the AssuredPartners team.”
American Westbrook Insurance Services will become the ninth AssuredPartners platform entity, joining Assured Neace Lukens, headquartered in Louisville, Kentucky; SKCG, headquartered in White Plains, New York; Jamison, headquartered in West Orange, New Jersey; Dawson Companies, headquartered in Cleveland, Ohio; SRA, headquartered in Kansas City, Kansas; AHM, headquartered in St. Louis, Missouri.; Commercial Insurance Services, headquartered in Charleston, West Virginia; and AirSure Limited, headquartered in Golden, Colorado.
For more information about American Westbrook, visit: http://www.amwestbrook.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 80 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.