Ascension Insurance, Inc. Acquires Netherton & Boles, Inc.

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Purchase Further Expands Expertise, Resources to College & University Market

Kansas City, MO - March 24, 2011 - Ascension Insurance, Inc. announces the acquisition of Netherton & Boles, Inc., located in Atlanta, GA, effective 1/31/11. Netherton & Boles specializes primarily in employee benefits consulting and brokerage to colleges and universities as well as commercial businesses. The acquisition is part of Ascension’s strategy to build a national platform of risk management, insurance and employee benefits firms featuring specialized market expertise. Ascension is headquartered in Kansas City, MO., and has 32 offices throughout the U.S.

Ascension’s President and CEO Leonard P. Kline, Jr., commented, “We are pleased that Netherton & Boles has selected Ascension as a partner.  We share the belief that a consultative approach combined with customized resources delivers the greatest return on our clients’ investment in employee benefits. We are looking forward to leveraging Netherton & Boles’ demonstrated expertise in the college and university market to expand our Ascension Collegiate Solutions practice.”

Lloyd D. Netherton, President of Netherton & Boles, commented, “We are very excited about the opportunity to collaborate with our new Ascension partners. Our alliance with Ascension brings us the resources we need to compete with national consultants and brokers while retaining the consultative approach and responsive service our clients rely on.”

Founded in 1986, Netherton & Boles specializes in employee benefits consulting and brokerage solutions for colleges and universities as well as a diverse range of commercial businesses, including service sector clients, utilities and manufacturing.

About Ascension Insurance, Inc.

Based in Kansas City, Mo., Ascension Insurance, Inc. is led by President and CEO Leonard P. Kline, Jr. Ascension is ranked within the Top 30 largest agencies by revenue size, with over 400 employees and 32 locations nationwide. Ascension’s corporate mission is to create a premier insurance agency that offers superior risk management and benefits consulting services while providing a rewarding professional environment that preserves the expertise and culture that made each operational center successful. Ascension is a privately held corporation. Together with its private equity partners, Parthenon Capital and Century Capital Management, Ascension Insurance Inc. expects to grow to $200 million in revenue over the next five years. To learn more, visit http://www.ascensionins.com

Agency Contact: 

Sarah DeFilippis
860.841.1992
[email protected]