LAKE MARY, FL – May 28, 2020 – AssuredPartners, Inc. is pleased to announce the acquisition of Cypress Insurance Group, Inc. of Fort Lauderdale, FL. The team of 20 will remain under the operational leadership of Terry Bond and Debbie Arciola. The agency currently reports $3 million in annualized revenues.
Terry Bond of Cypress Insurance Group said, “Since 1978 we have provided the community of South Florida with our insurance expertise. Our dedication to our clients and employees led us to join one of the largest insurance brokerage agencies in the country and we are truly excited to partner with AssuredPartners.”
Debbie Arciola said, “We are proud to continue the legacy that Roger Bond started when he formed Cypress Insurance Group. We are dedicated to delivering exceptional service for our valued customers and we’re excited to join the growing team in the Florida marketplace of AssuredPartners.”
“We are excited about Cypress Insurance Group joining AssuredPartners as our values, services and resources align and are poised for future growth. We are pleased to expand further in the Florida marketplace with our new partners,” said AssuredPartners Regional President Jack Suber. “We welcome the employees and clients to AssuredPartners.”
AssuredPartners President and COO Tom Riley said, “We work hard to build trusting relationships with our clients and when we find an agency that already has a solid foundation with their community, we know it is a good fit. We are pleased to have the team at Cypress Insurance Group join AssuredPartners.”
For more information on Cypress Insurance Group, Inc., please visit: www.cypressinsurance.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 England. From its founding in March of 2011, AssuredPartners has grown to over $1.5 billion in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States with over 180 offices in 30 states and England. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or firstname.lastname@example.org, or visit www.assuredpartners.com.