AssuredPartners has acquired Denver-based Peliton Insurance and Peliton Benefits, a risk management and insurance solutions provider to small and mid-sized businesses in the Colorado Rocky Mountain region. No financial terms were disclosed. Recently, GTCR agreed to sell portfolio company AssuredPartners to Apax Partners, as previously reported by PE HUB.
LAKE MARY, Fla. (PRWEB) July 23, 2015
AssuredPartners Inc., one of the fastest growing independent insurance agencies in the nation, announces today the acquisition of Peliton Insurance and Peliton Benefits of Denver, Colorado. The agency’s 27 employees will continue to operate from their Denver location under the local leadership of Managing Member Frederick Miale, Jr.
Peliton provides a complete range of services to small and mid-size businesses of all types in the Colorado Rocky Mountain region. It places and manages almost every type of risk, serving as a resource for commercial property and casualty, personal insurance and employee health programs.
“Peliton is dedicated to bringing peace of mind to our clients with our integrated risk management solutions in key business areas,” said Miale. “Now, as part of AssuredPartners, we look forward to expanding our resources and national carrier network for clients and employees.”
President and COO Tom Riley of AssuredPartners added, “The extensive insurance and risk management experience of Peliton’s team will be a valuable addition to our network. We are excited to expand our growing Denver operations with these new professionals.”
For more information about Peliton Insurance and Peliton Benefits, visit: http://www.peliton.net.
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 $490 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 100 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.”