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SOURCE: AssuredPartners, Inc.
Acquisition expands presence in Indiana
Indianapolis, Indiana (PRWEB) January 11, 2013
Lake Mary, Fl. – December 31, 2012 —AssuredPartners, Inc. has completed a transaction for substantially all of the assets of Tobias Insurance Group, Inc. Tobias Insurance Group, Inc. will continue under its own name and its headquarters in Indianapolis, IN. Tobias is one of the largest independently owned commercial insurance brokerage businesses in the Midwest, serving clients both domestically and internationally, and will continue under the leadership of Nick J. Rutigliano.
Founded in 1973, Tobias offers a comprehensive mix of insurance products and services, including property and casualty, surety, and employee benefits. Tobias works with a wide array of industries, with a strong focus on construction. This acquisition will strategically expand AssuredPartners footprint in the Midwest
“After careful and thoughtful consideration, we decided that the time was right to broaden our scope by partnering with a growing national broker,” said Nick Rutigliano, President of Tobias. “This will allow us to continue our focus of taking care of our clients, taking care of our employees with added opportunities and resources to take our company and services to the next level”
“Tobias has a culture focusing on client advocacy and quality service. Their talented team will complement our expertise in the Midwest and increase our footprint in Indiana,” said Jim Henderson, Chairman and CEO of AssuredPartners, Inc. “As our company continues to expand, we remain committed to offering unmatched service and financial security to all of our new and existing clients.”
ABOUT ASSUREDPARTNERS, INC
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners Inc., a portfolio company of Chicago-based private equity firm GTCR, acquires and invests in property and casualty and employee benefits brokerage businesses across the country. AssuredPartners has grown to approximately $230 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States. For more information, please contact Dean Curtis, CFO, at (407) 708-0031 or email@example.com, or visit http://www.assuredptr.com.
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