AssuredPartners Completes Acquisition of Jamison and Grosvenor [Professional Services Close – Up]

Proquest LLC

AssuredPartners, Inc., a portfolio company of Chicago-based private equity firm GTCR, closed its third investment with the acquisition of Herbert L. Jamison & Co. and Jamison Special Risk Inc. (together Jamison) and Grosvenor Brokers (America).

Based in West Orange, New Jersey, Jamison is a full service insurance brokerage firm, with experience in professional liability insurance. The company, together with Grosvenor, supports its niche expertise with a broad distribution strategy, including direct retail brokerage, U.S. and international wholesale, and specialty programs, the Company said.

"We are excited to have Jamison and Grosvenor join our team as we strive to build AssuredPartners into the premier middle market insurance brokerage," said Jim Henderson, CEO of AssuredPartners. "With well-developed technical expertise and diverse distribution capabilities, these additions will help us provide our clients valuable insurance solutions."

"We look forward to a mutually and highly beneficial partnership with AssuredPartners," commented Sean Pattwell, Managing Director of Jamison.

"We believe this presents an opportunity to further improve and expand the value we have consistently provided to our clients through quality service and risk solutions," added John McDonald, Managing Director of Jamison.

As part of this partnership, AssuredPartners noted it will provide Jamison and Grosvenor with strategic and financial support to drive continued growth. Jamison and Grosvenor will maintain their day-to-day operations under their current names and locations. The financial terms of the deal were not disclosed.

AssuredPartners, headquartered in Lake Mary, Florida, acquires and invests in property and casualty and employee benefits brokerage businesses across the country.

AssuredPartners:

Jamison:

Grosvenor:

GTCR:

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