DetailsMergers

AssuredPartners Acquires Air Capital Insurance, LLC

06/13/2019 Written by: AP Communications

LAKE MARY, FL – June 13, 2019 – AssuredPartners, Inc. is pleased to announce the acquisition of Air Capital Insurance, LLC (ACI) of Wichita, Kansas. The team of 10 will remain under the leadership of ACI founders Glenn Tate and Greg Hiser. The agency currently reports approximately $2 million in annualized revenues.
“Air Capital Insurance was founded in 2002 in Wichita by Greg Hiser and myself with the goal to establish an aviation specialty agency that distinguished itself through superior service and innovative solutions” said Glenn Tate. “These ideas have been a culmination of efforts of over 70 years’ experience in aviation insurance while working for other brokers and underwriters of the industry.”
“We are pleased to have found a partner that has dedicated talent, resources and financial backing to create one of the best platforms for aviation insurance this industry has seen. Being a part of the AssuredPartners Aerospace team is truly a perfect fit for us” stated Greg Hiser.
“AssuredPartners support of the AP Aerospace team continues unabated” stated AP Aerospace President Jon Downey. “We are aligning ourselves with the best talent in the aviation space and expanding our areas of expertise. We are pleased to have the experienced and passionate team from ACI join AP Aerospace.”
For more information on Air Capital Insurance, LLC, please visit: www.aircapitalinsurance.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 $1.2 billion in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States with over 235 offices in 30 states and London. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dean.curtis@assuredpartners.com, or visit www.assuredpartners.com.

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