DetailsMergers

AssuredPartners Announces Acquisition of Centennial Surety Associates, Inc.

07/19/2016 Written by: AP Communications

Addition of Construction Surety Bonding Agency
LAKE MARY, Fla. – July 19, 2016 — AssuredPartners, Inc. is pleased to announce the acquisition of Centennial Surety Associates, Inc. of Millersville, MD. Centennial Surety Associates focuses on construction surety bonding with a staff of 8 who will continue operations under the leadership of Michael Schendel. Centennial Surety Associates reports approximately $2.2 million in revenues.
“Centennial Surety Associates is proud of its personal and professional service, our staff brings a wealth of experience which allows us to provide the best solution for our contractor’s bonding needs.” said Michael Schendel of Centennial Surety Associates. “We are assured that joining AssuredPartners will provide us with the utmost support as we continue to grow.”
“We would like to welcome the clients and staff of Centennial Surety Associates to AssuredPartners.” said Tom Riley, President and COO of AssuredPartners. “Centennial Surety Associates has a great reputation with the contractor community throughout the Mid-Atlantic Region and we are proud to have found this agency as a partner as we continue to expand in Maryland.”
For more information about Centennial Surety Associates, please visit: www.centennialsurety.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, Canada and London. Since 2011, AssuredPartners has acquired more than 150 insurance agencies. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dcurtis@assuredptr.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.”

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