LAKE MARY, FL – May 1, 2018 – AssuredPartners, Inc. is pleased to announce the acquisition of Cornerstone Insurance Group. St. Louis-based Cornerstone is a full-service insurance firm providing employee benefits, risk management and personal insurance solutions. The agency, which has offices in St. Louis and Southern Illinois, also supports clients with non-insurance resources in payroll, human resources, wellness, loss control and more. The staff of 85 will continue operations under Managing Partners Richard Steinbaum and Cody Wilson.
“With roots in St. Louis dating back to 1971, our focus has always been on providing our clients with the tools they need to become better, safer places to work,” said Cornerstone’s Richard Steinbaum. “Joining forces with AssuredPartners ensures we will continue to have the most innovative resources available to achieve this mission, while maintaining the same level of service that our clients count on every day.”
By combining insurance and benefits products with non-insurance services, Cornerstone provides businesses of all sizes with strategic solutions that support their broader business goals.
“We strive to make a difference in our community. Through daily communications with clients or through volunteer work, the Cornerstone team is truly dedicated to making our partnerships meaningful. We look forward to becoming a part of a larger organization that shares our core values and supports our goals,” stated Cornerstone’s Cody Wilson.
“Cornerstone protects business to build stronger communities. In doing so, Cornerstone has impacted several local communities and gives back through numerous charitable efforts. This teamwork is encouraged in our culture and we are pleased to have a new partner with such a keen sense of community” said AssuredPartners Western Regions President Randy Larsen. “Cornerstone is joining at an exciting time as we’re enthusiastic about the momentum and growth we’ve experienced throughout Missouri. Just five years ago AssuredPartners had zero revenue in the state, now we exceed $75 million in annualized revenue.”
Tom Riley, AssuredPartners President and COO, stated, “This is a memorable acquisition for us at AssuredPartners as this marks the milestone 200th acquisition since our founding in 2011. We are excited to join forces with Richard, Cody and team as we believe the presence of Cornerstone’s market combined with AssuredPartners will allow us to accelerate the growth of our business throughout Missouri.”
ABOUT ASSUREDPARTNERS, INC
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners, Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety, and MGUs) across the United States and in London. Since its founding in March of 2011, AssuredPartners has grown to over $1 billion in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States* with over 185 offices in 30 states and in London. Since 2011, AssuredPartners has acquired more than 200 insurance agencies. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or firstname.lastname@example.org, or visit www.assuredpartners.com.
*Business Insurance in the July 2017 edition, featuring the “100 largest brokers of U.S. business.”