The Insurance Agency Mergers and Acquisitions Insider

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Insurance Agency Mergers and Acquisitions December 2014

AssuredPartners Acquires BRG Insurance and Bonds

LAKE MARY, Fla. – Dec. 30, 2014 AssuredPartners Inc. has acquired BRG Insurance and Bonds located in Lake Mary, Florida. The agency specializes in insurance protection programs for contractors, manufacturers, nursing homes, assisted living facilities, strip malls, building owners, medical offices, and storage facilities.

AssuredPartners Acquires A.J. Lupas Insurance Agency, Inc.

LAKE MARY, Fla. – Dec. 30, 2014 AssuredPartners Inc. has acquired A.J. Lupas Insurance Agency, Inc. in Plains, Pennsylvania. The agency specializes in coverage for individuals, businesses, and life and health insurance products. A.J. Lupas Insurance Agency reports approximately $3 million in revenues.

AssuredPartners Acquires American Westbrook Insurance Services Agency

LAKE MARY, Fla. – Dec. 29, 2014 AssuredPartners Inc. has acquired American Westbrook Insurance Services in Westchester, Illinois. The agency offers full service coverages in commercial property and casualty, executive liability, employee benefits, financial services and personal insurance as well as provides solutions in risk management, human capital management and more. American Westbrook Insurance Services reports revenues of approximately $14.5 million.

HUB INTERNATIONAL ACQUIRES ASSETS OF RUHL & RUHL

Chicago December 23, 2014 – Hub International Limited (Hub), a leading global insurance brokerage, announced today that its Chicago-area region Hub International Midwest (Hub Midwest) has acquired the assets of Ruhl & Ruhl Insurance. Terms of the acquisition were not disclosed.

Founded in 1862, Ruhl & Ruhl is a multi-line insurance brokerage based in Davenport, Iowa. The firm has been servicing Eastern Iowa and Western Illinois with insurance and risk management services for over 150 years.

 Arthur J. Gallagher & Co. Acquires Affinity Marketing Group

ITASCA, Ill., Dec. 18, 2014 /PRNewswire/ — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Affinity Marketing Group LLC in Natick, Massachusetts. Terms of the transaction were not disclosed.

Established in 2001, Affinity Marketing Group (AMG) is a national program broker that provides access to products and services designed for members of affinity groups, associations and fraternal organizations throughout the United States. It specializes in developing coverage programs for its client sponsors that reach over 25 million consumers with AMG’s offerings of affinity products such as life, auto, home and ancillary health insurance, identity theft protection and business service discounts.

Arthur J. Gallagher & Co. Acquires Independent Benefit Services, Inc.

ITASCA, Ill., Dec. 17, 2014 /PRNewswire/ — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Independent Benefit Services, Inc. (iBEN) located in Rockville, Maryland.  Terms of the transaction were not disclosed.

Founded in 1989, iBEN provides employee benefits, human resources and retirement plan consultation and brokerage services for middle-market clients in the mid-Atlantic region.  They specialize in offering tailored group benefits, retirement planning, HR consulting and executive benefits with an emphasis on planning analysis and design, cost benefit analysis, compliance, implementation, and communication and education.  Neil Simons and his associates will continue to operate at their current location under the direction of David Ziegler, head of Gallagher’s eastern employee benefit consulting and brokerage operations.

Arthur J. Gallagher & Co. Acquires O’Gorman & Young, Incorporated

ITASCA, Ill., Dec. 15, 2014 /PRNewswire/ — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of O’Gorman & Young, Incorporated, headquartered in Chatham, New Jersey, including its affiliate G. R. Murray Insurance, in Princeton, New Jersey. Terms of the transaction were not disclosed.

Founded in 1894, O’Gorman & Young (OGY) is a retail insurance broker providing commercial property/casualty, employee benefits, risk management consulting and personal lines insurance services to clients throughout the Eastern United States. They specialize in insurance services for public and private schools, contractors, municipalities, lawyers and financial and nonprofit institutions.

 AssuredPartners Acquires Sheehan Insurance Group

LAKE MARY, Fla. – Dec. 10, 2014 AssuredPartners Inc. has acquired the business and assets of Sheehan Insurance Service, Inc. (dba Sheehan Insurance Group) of Virginia. The agency specializes in insurance coverage for businesses, including the senior living, transportation and hospitality industries; and insurance for individuals. Sheehan Insurance Group reports revenues of approximately $4 million.

 HUB INTERNATIONAL ACQUIRES ASSETS OF CALIFORNIA-BASED JOHN O. BRONSON 

Chicago December 2, 2014 – Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of John O. Bronson Co. (Bronson), servicing the Sacramento, California area. Terms of the acquisition were not disclosed.  Bronson will become part of the California operations of Hub International Insurance Services (Hub California).

Bronson is a full-service property and casualty, personal lines and employee benefits agency and brokerage, and is one of California’s largest and oldest independent firms. Founded in 1888, its three locations in Sacramento, Monterey and Rancho Cucamonga have more than 100 employees.

AssuredPartners Acquires First Palmetto Insurance Agency

LAKE MARY, Fla. – Dec. 1, 2014 AssuredPartners Inc., through its subsidiary Assured Neace Lukens, has acquired First Palmetto Insurance Agency of South Carolina. The agency specializes in personal lines insurance, including coverage for homeowners’, and auto insurance; and coverage for businesses, including general liability, commercial property, and product liability insurance.

About Michael Mensch

Michael is a managing partner and client advisor for Agency Brokerage Consultants, a national mergers and acquisitions firm serving independent insurance brokerages.

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