AssuredPartners, a portfolio company of GTCR, has acquired Amtech Insurance Brokers. No financial terms were disclosed. Based in Latham, New York, Amtech is a provider of commercial insurance and risk management solutions for businesses of all types.
LAKE MARY, Fla. (PRWEB) February 18, 2015
AssuredPartners Inc., one of the fastest growing independent insurance agencies in the nation, today announces the acquisition of Amtech Insurance Brokers, headquartered in Latham, New York. Amtech has been providing full-service commercial insurance and risk management solutions for businesses of all types for the past 22 years. Its industry specialties include construction, welding supply and compressed gas. In addition, the agency has a custom-tailored Drillers Insurance Program for a variety of contractor clients, from water well to environmental to geothermal drillers.
The $2 million dollar revenue agency will continue to operate from its current location under the local leadership of President and Founder Paul Andrews and Vice President Chris McMahon. It will report through Assured SKCG insurance and risk management advisory firm, an AssuredPartners platform company in the Northeast, serving commercial and private clients throughout the United States and overseas.
“Amtech’s leadership team and its client service staff are experienced insurance professionals who have designed national programs and are extremely knowledgeable about their clients’ operations in the field and the issues they face,” said Assured SKCG Chairman and CEO Tom Kozera. “We are excited to welcome Amtech’s employees and clients to the Northeast region and AssuredPartners family.”
“We look forward to expanding the value we bring to our clients through this new partnership,” added Andrews. “The additional resources, geographical reach and carrier relationships that we are gaining will benefit us both internally and externally.”
For more information about Amtech, visit http://www.amtechins.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 $460 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States* with over 100 offices in 27 states and two London offices. Since 2011, AssuredPartners has acquired more than 80 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.