AssuredPartners has acquired Nevada West Business Insurance Agency, which is based in Las Vegas, Nevada.
Financial details of the transaction were not disclosed.
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The acquired firm reported $1m in yearly revenue. Its team of five will continue to operate under the leadership of co-owner Jeff Maren.
Jeff Maren said: “We are dedicated to providing the best benefits of coverage, costs and excellence service offerings to our customers.
“We are confident in the partnership with AssuredPartners as we continue to share the goal of exceeding client expectations.”
Nevada West Business co-owner Lanny Maren added: “At Nevada West, we excel at providing commercial insurance solutions to business owners with the most cost-effective products.
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By GlobalData“Teaming with AssuredPartners will allow us to bring our clients additional products and services to protect their best interests.”
AssuredPartners regional president Greg Ness said: “Having Nevada West join AssuredPartners is a fantastic fit for our Nevada marketplace.
“They have expertise in commercial insurance that is a welcomed addition.
“This partnership will continue to deliver the highest level of service with the best solutions our clients expect from us.”
AssuredPartners president and COO Tom Riley added: “AssuredPartners is pleased to expand operations in Nevada with the addition of Nevada West Business Insurance Agency.
“We are excited to welcome an outstanding operation to join our team.
“We welcome the staff and clients to AssuredPartners.”
The transaction is subject to receipt of regulatory approvals.
Founded nine years ago, AssuredPartners invests in insurance brokerage businesses such as property and casualty, employee benefits, surety and MGU’s.
Headquartered in Florida, AssuredPartners has over 170 offices in 30 US states and in London. It reported over $1.4bn in annualised revenues.
