AssuredPartners has acquired Connecticut-based Founders Insurance Group, an insurance solutions provider to businesses and families in the New England 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 22, 2015
AssuredPartners Inc., one of the fastest growing independent insurance agencies in the nation, announces today the acquisition of Founders Insurance Group. This independent insurance broker has been providing full service insurance solutions to businesses and families in the New England region and beyond for more than a century. The agency’s staff and leadership will continue to operate from their existing locations in Torrington and Lakeville, Connecticut.
Founders Insurance Group takes a consultative approach with its clients, providing comprehensive insurance packages in commercial property and casualty, group health and life benefits and personal insurance, including its high value, platinum clientele with properties around the world. Its client portfolio is diverse, and ranges from small firms to international corporations.
“Our experts take pride in providing personalized attention and tailored insurance plan designs and packages. We take the time to understand and assess each client’s needs, and advocate on their behalf as necessary,” said Founders President Dennis Dressel, CPCU. “As an AssuredPartners Company, we are excited to provide even more capabilities and carrier relationships to our clients.”
AssuredPartners President and COO Tom Riley added, “The leadership team and employees at Founders are dedicated insurance professionals. We look forward to the additional expertise and presence they’ll bring to the Connecticut and New England area.”
For more information about Founders Insurance Group, visit: http://www.foundersgrp.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 $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.