AssuredPartners, a portfolio company of GTCR, has acquired Crawford Advisors. No financial terms were disclosed. Based in Hunt Valley, Maryland, Crawford Advisors is a provider of employee benefits and compliance solutions for mid-market and large firms.
LAKE MARY, Fla. – Sept. 29, 2014 — AssuredPartners Inc., through its subsidiary AssuredPartners of Maryland, LLC, has acquired Crawford Advisors, LLC, headquartered in Hunt Valley, Maryland. The agency specializes in employee benefits and compliance solutions for mid-market and large companies. Crawford Advisors reports approximately $12 million in revenue.
Crawford Advisors offers a wide range of health, life, disability and voluntary benefit programs that will strengthen AssuredPartners’ employee benefits capabilities nationally. As part of the acquisition, 60 Crawford Advisors employees will join AssuredPartners. Local operations will continue under the leadership of Reagan Crawford.
“Our number one priority is developing benefit programs for our clients that maximize employee value and meets the needs of their bottom line,” said Reagan Crawford, Managing Member of Crawford Advisors. “As part of the AssuredPartners team, our employees will leverage new tools and resources to deliver the best value to our clients, while continuing to offer our Single-Source-Solution model to our client-partners.”
“The expertise of the Crawford Advisors team enhances AssuredPartners’ strength in the large group market. Additionally, Reagan and his team of talented advisors will help lead the AssuredPartners national employee benefits effort,” said Tom Riley, President and COO of AssuredPartners, Inc. “We welcome Crawford Advisors staff and clients to the AssuredPartners family.”
For more information about Crawford Advisors, please visit: http://www.crawfordadvisors.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 $380 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 69 insurance firms. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or firstname.lastname@example.org, or visit http://www.assuredptr.com.
ABOUT CRAWFORD ADVISORS, LLC
Crawford Advisors is a full-service benefits consulting and brokerage firm that helps organizations manage and deliver optimal value for health and welfare benefits. Combining the industry’s top talent and web-based technology ensures Crawford can deliver innovative solutions that improve the health of company employees while optimizing bottom line results. Crawford Advisors produces a nationally renowned monthly benefits and ACA compliance webinar series which has been viewed by thousands of C-Suite and human resource executives. Over four years of webinars are now on-line and available at the Crawford Advisors website. Visitors will also benefit from white papers, calculators, videos and a comprehensive benefits and compliance blog. Follow Crawford Advisors on Facebook, LinkedIn and Twitter.