Lake Mary Fl-based AssuredPartners, Inc. has acquired B&H Insurance, LLC. (BHI).
BHI is the first acquisition in June and the 20th acquisition in 2021. Its team of 26 will remain under the leadership of John Boykin, CEO of BHI. The Newark agency has $8 million in annual revenues.
“At BHI, we are incredibly excited to be the first AssuredPartners agency in The First State. The decision to join AssuredPartners will further align with our mission of maintaining a client-focused culture while offering ample growth opportunity to our valued employees,” Boykin said.
AssuredPartners Regional President, Brian Bair stated, “At AssuredPartners, we focus on partnering with agencies that demonstrate a dedication to growth and partners who value building lasting relationships, and because of that, we are more than happy to have the team from BHI join our operations.”
AssuredPartners is a full-service insurance broker providing commercial insurance, risk management, employee benefits and personal lines.
The company has more than 8,000 employees located in offices throughout North America, London, Belgium and Scotland. In 2019, it was ranked as the nation’s 11th largest insurance broker.
Private-equity funded AssuredPartners buys up insurance firms in what is sometimes known as a “rollup.” Rollups typically buy companies in fragmented industries that can range from paving companies to insurance brokers.
Further information is available at http://www.assuredpartners.com. For more information on the B&H Insurance, visit http://www.bhi365.com
