AssuredPartners Announces Acquisition of LegacyTexas Insurance Services
Bank Sells Insurance Business to National Insurance Broker
LAKE MARY, Fla. – July 11, 2016 — AssuredPartners, Inc. is proud to announce the acquisition of LegacyTexas Insurance Services of Richardson, TX. LegacyTexas Bank has sold the general insurance block of business to AssuredPartners. The staff of 21 will continue operations under the leadership of Paul C. Fredette. LegacyTexas Insurance Services reports approximately $3 million in revenues.
“LegacyTexas Bank was approached with a unique opportunity to divest the insurance portion of our business while keeping current client’s protection intact.” said Aaron Shelby of LegacyTexas Bank. “We are confident that we found the right partner for our clients and employees to transition into the AssuredPartners fold.”
“With the addition of LegacyTexas Insurance Services we are pleased to enter the Dallas and Fort Worth marketplace with our continued expansion in Texas.” said Tom Riley, President and COO of AssuredPartners. “We would like to welcome the clients and staff of LegacyTexas Insurance Services to AssuredPartners.”
For more information about LegacyTexas, please visit: www.legacytexas.com.
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 MGU’s) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to over $600 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States* with over 125 offices in 30 states and a London office. Since 2011, AssuredPartners has acquired more than 150 insurance agencies. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or email@example.com, or visit www.assuredptr.com.
*As ranked by Business Insurance in the July 20, 2015 edition, featuring the “100 largest brokers of U.S. business.”