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PE-backed AssuredPartners buys Jones, Raphael & Oulundsen

AssuredPartners, which is backed by GTCR, has acquired Jones, Raphael & Oulundsen Inc. No financial terms were disclosed. Based in New Britain, Connecticut, JRO is a provider of personal and commercial insurance solutions.


LAKE MARY, Fla. (PRWEB) May 14, 2015
AssuredPartners Inc., one of the fastest growing independent insurance agencies in the nation, announces today the acquisition of Jones, Raphael & Oulundsen, Inc. (JRO), based in New Britain, Connecticut. The agency will continue to operate under the local leadership of Vice President Richard (Dick) Oulundsen and Vice President Garret Ratcliffe.

JRO has been providing personal and commercial insurance solutions to individuals, families and businesses in central Connecticut and beyond for nearly 110 years. The team at JRO is focused on helping clients create an all-inclusive plan that meets their specific risk exposures, from group benefits to commercial property to personal home, auto and health insurance and more.

JRO has been recognized by Reagan Consulting and the Independent Insurance Agents and Brokers of America as one of the top performing agencies in the country for six consecutive years.

“Our professionals take pride in partnering with clients to solve coverage issues, strengthen their entire risk management portfolio and deliver quality service,” said Oulundsen. “As an AssuredPartners agency, we look forward to bringing even more resources and solutions to our clients.”

Tom Riley, president and COO, Assured Partners, said, “We are excited that Dick, Garret and their dedicated team have joined AssuredPartners. They care about their clients’ unique needs and will be an asset to our expanded footprint in Connecticut.”
For more information about JRO, visit:

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 $475 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 two London offices. Since 2011, AssuredPartners has acquired more than 90 insurance agencies. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or, or visit