AssuredPartners Inc. announced its acquisition of StoudtAdvisors in Lancaster, Pennsylvania. Terms of the transaction were not disclosed.
StoudtAdvisors is an independent insurance broker specializing in employee benefits programs and human resources consulting services to businesses in the central Pennsylvania region. StoudtAdvisors will continue to operate from its existing Lancaster office under the local leadership of CEO and president David Stoudt.
Headquartered in Lake Mary, Florida, AssuredPartners acquires and invests in insurance brokerage businesses (property/casualty, employee benefits, surety, MGA/wholesalers) across the U.S. and in London. Since its founding in 2011, AssuredPartners has grown to approximately $475 million in annualized revenue. AssuredPartners is a portfolio company of Chicago-based private equity firm GTCR.
Was this article valuable?
Here are more articles you may enjoy.
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Business Interruption Claims Arising From the Middle East Conflict 
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home 
