DetailsMergers

AssuredPartners Acquires RIS Insurance Services

07/10/2019 Written by: AP Communications

LAKE MARY, FL – July 10, 2019 – AssuredPartners, Inc. is pleased to announce the acquisition of RIS Insurance Services of Anacortes, Washington. This acquisition marks the 21st acquisition for AssuredPartners in 2019. The enthusiastic team of 40 employees will remain under the operational leadership of Jim Jermyn and Bill Gillespie. The agency currently reports $7 million in annualized revenues.
“RIS was founded on three key principals: reputation, integrity and service” said Jim Jermyn of RIS. “Today we are a premier broker having earned a reputation for integrity and exemplary service. We wanted to continue with these principals on a larger scale and found that with our new partner, AssuredPartners.”
Bill Gillespie of RIS said, “RIS offers comprehensive solutions for truck, business and personal insurance. The transportation industry transforms almost daily with technology and efficiencies. We were impressed by the diverse and extensive portfolio of companies that AssuredPartners works with and we’re pleased to be joining the team.”
AssuredPartners President and COO Tom Riley stated, “Further expansion in our Western Region under the leadership of Mike Paschke is part of the mergers and acquisition strategy set forth for 2019. We have invested significantly into the transportation specialty and we are pleased to have such an outstanding operation join forces with us.”
For more information on RIS Insurance Services, please visit: www.risnet.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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