Lake Mary, Fla.-primarily based AssuredPartners Inc., by means of its subsidiary Assured SKCG, just lately acquired MHB Insurance coverage, situated in Peekskill, N.Y. Terms of the transaction had been not disclosed.
Founded in 1919, MHB Insurance specializes in insurance for businesses, municipalities and individuals, and offers lifestyle, well being and worker positive aspects companies. MHB Insurance will combine operations with Assured SKCG, which is situated in White Plains, N.Y.
AssuredPartners is a portfolio company of Chicago-primarily based personal equity firm GTCR. AssuredPartners acquires and invests in insurance brokerage companies (residence/casualty, employee benefits, surety, MGA/wholesalers) across the United States and in London. From its founding in 2011, AssuredPartners has grown to around $ 325 million in annualized income, with much more than 80 offices in 26 states and a London workplace. Since 2011, AssuredPartners has acquired much more than 50 insurance firms.