M&A Deal Summary

GTCR Acquires AssuredPartners

On July 27, 2011, private equity firm GTCR acquired insurance company AssuredPartners

Acquisition Highlights
  • This is GTCR’s 4th transaction in the Insurance sector.
  • This is GTCR’s 63rd transaction in the United States.
  • This is GTCR’s 5th transaction in Florida.
Investment Fate
  • AssuredPartners was sold to a consortium of financial buyers in 2015.
  • AssuredPartners was sold to a consortium of financial buyers in 2019.

M&A Deal Summary
Date 2011-07-27
Target AssuredPartners
Sector Insurance
Buyer(s) GTCR
Deal Type Consolidation

Target

AssuredPartners

Lake Mary, Florida, United States
website
AssuredPartners is a full-service insurance broker, offering property and casualty and employee benefits insurance products and services to middle-market businesses, public institutions, and high-net-worth individuals. AssuredPartners was founded in 2011 and is based in Lake Mary, Florida.

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Buyer(S) 1

Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 65 of 139
Sector (Insurance) 4 of 6
Type (Consolidation) 5 of 16
State (Florida) 5 of 13
Country (United States) 63 of 134
Year (2011) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-20 ConvergEx Group

New York City, New York, United States

ConvergEx Group LLC is an agency-focused global brokerage and trading related services provider that takes on the industry's toughest challenges, from complicated trades to complex businesses. With clients' interests as the top priority, Convergex delivers comprehensive solutions that span global high-touch and electronic trading, prime brokerage, clearing, commission management and beyond. Headquartered in New York with a presence in several other locations including Atlanta, Boston, Orlando, San Francisco and London, the company serves nearly 3,000 clients accessing over 100 global market centers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-03 Global Traffic Network

New York, New York, United States

Global Traffic Network is a global provider of outsourced information content to radio and television stations. In exchange for traffic, news and other information reports, the Company receives embedded advertising spots from radio and TV stations which it sells to a national advertiser base. Global Traffic Network operates core traffic operations in Australia, Canada and the UK and a mobile traffic and weather application in the United States and Canada.

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