Apax sells AssuredPartners to GTCR-led group
Summary
Apax VIII sells its stake in AssuredPartners to GTCR Transaction Sees Previous Backers Renew Successful Partnership with Insurance Broker Since then, AssuredPartners has charted an impressive growth trajectory through organic investments in sales and technology and through acquisitions to create a scaled product and service proposition to carriers and customers. Aaron Cohen, GTCR Managing Director, added: “We had an incredible experience working with the Assured team and have watched with admiration their continued success over the last three years. AssuredPartners and Apax VIII were advised by Bank of America Merrill Lynch (M&A Advisor) and Kirkland & Ellis LLP (legal counsel). 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.
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