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AssuredPartners Expands Texas Operation with Acquisition of Capitol City Insurance.

M2 EQUITYBITES-January 29, 2018-AssuredPartners Expands Texas Operation with Acquisition of Capitol City Insurance

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29 January 2018 - Florida, US-based insurance brokerage investor AssuredPartners, Inc. has acquired Texas, US-based insurance and employee benefits services provider Capitol City Insurance (CCIM) to expand operations in Texas, the company said.

Terms of the transaction were not disclosed.

CCIM is AssuredPartners' fifth completed acquisition in 2018.

AssuredPartners said it seeks to partner with agencies the exemplify excellence. The corporate cultures of AssuredPartners and CCIM are aligned with the commitment to client-centered service.

AssuredPartners, Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU's) across the US and in London.

Since March of 2011, AssuredPartners has grown to over USD 945m in annualised revenue with over 200 offices in 30 states and London.

CCIM provides business insurance services, employee benefits as well as personal insurance services. The agency presently reports approximately USD 4m in revenues.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U7TX
Date:Jan 29, 2018
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