AssuredPartners, Inc., has acquired substantially all of the assets of Insurance Systems, Inc. and Insurance Systems of West Virginia, Inc., based in Ona, West Virginia.
Insurance Systems, Inc. is a full service insurance agency, serving the tri-state area (WV, OH, KY) since 1926, and will establish a new office for AssuredPartners. Tom Riley, President and Chief Operating Officer of AssuredPartners, Inc. commented, “This acquisition illustrates our strategy to acquire the best insurance agency operations in new geographies, adding talented people with a passion for great customer service to our existing agency platforms.” Arch Keller, President of Insurance Systems, remarked, “Combining with AssuredPartners represents the best of all worlds for ISI and its customers. We have ensured our perpetuation, kept our local autonomy, and gained financial and operating resources to continue to live out daily our customer motto – Count us among your friends.” David Robinson, Secretary/Treasurer of Insurance Systems, concurred, adding, “We think our addition to the AssuredPartners platform will help us continue to attract the best people and to have the insurance carrier relationships to take care of our clients.”
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 property and casualty and employee benefits brokerage businesses across the country. After just twelve months of operations, AssuredPartners has approximately $170 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States.
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