AssuredPartners of Florida has acquired all of the assets of Alan James Insurance, an insurance broker specializing in insurance products and services designed for the south-Florida real estate market.
The acquirer expects that the acquisition will strengthen its operations in southeast Florida market. Financial terms of the transaction remained undisclosed.
Alan James Insurance delivers property and casualty insurance product and services to building owners, condomium associations, and homeowners associations across south Florida.
Under the terms of the transaction, all employees and the management team will remain operating from their existing location in Sunrise, Florida.
AssuredPartners president and CEO Tom Riley said that their skill set and product knowledge will benefit the AssuedPartners team as it continues to grow throughout the state of Florida and nationally.
Alan James Insurance managing member Alan Chesler commented, "This transaction will allow us to take our operations to the next level while maintaining our focus on our clients and their insurance needs."
Established in March 2011 and headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners operates as a portfolio company of Chicago-based private equity firm GTCR.
The company purchases and invests in property and casualty and employee benefits brokerage businesses across the country.
