#United States #Chicago #AssuredPartners #GTCR #Gallagher

GTCR and AssuredPartners' Landmark Sale

In a landmark transaction that reshapes the insurance brokerage landscape, GTCR, a leading private equity firm, has announced the definitive sale of AssuredPartners to Arthur J. Gallagher & Co. for a staggering $13.45 billion in an all-cash agreement. This sale represents the largest acquisition of a U.S. insurance broker by a strategic buyer in industry history, showcasing GTCR's successful 13-year partnership with Assured, which began under the pioneering Leaders Strategy™ model.

A Leader in Insurance Brokerage

Based in Orlando, Florida, AssuredPartners stands as the 11th largest independent insurance broker in the United States. The organization boasts a workforce of 10,900 professionals strategically positioned across North America and the UK. With its extensive network of agencies, AssuredPartners offers a comprehensive suite of risk management services, including property and casualty insurance as well as employee benefits consultancy tailored for businesses, public entities, and high-net-worth individuals.

Founded in 2011 as part of GTCR's Leaders Strategy™, Assured became a catalyst for significant industry growth. Under the leadership of Jim Henderson, currently serving as Executive Chairman, the firm has seen rapid expansion through mergers and acquisitions, integrating over 500 businesses to cement its position as a powerhouse in insurance brokerage. After initially selling to Apax Fund VIII in 2015, GTCR reacquired a majority stake in partnership with Apax Fund IX in 2019, further aligning the strategic direction and vision for AssuredPartners.

A Successful Collaboration

Aaron Cohen, Managing Director at GTCR, noted the remarkable success of the partnership.