M&A Deal Summary

AssuredPartners Acquires ASI Bonding

On April 25, 2022, AssuredPartners acquired business services company ASI Bonding

Acquisition Highlights
  • This is AssuredPartners’ 11th transaction in the Business Services sector.
  • This is AssuredPartners’ 232nd transaction in the United States.
  • This is AssuredPartners’ 9th transaction in Missouri.

M&A Deal Summary
Date 2022-04-25
Target ASI Bonding
Sector Business Services
Buyer(s) AssuredPartners
Deal Type Add-on Acquisition

Target

ASI Bonding

Lee's Summit, Missouri, United States
ASI Bonding provides the gap between the construction world and the surety world. ASI Bonding was founded in 1985 and is based in Lee's Summit, Missouri.

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Buyer(S) 1

Buyer

AssuredPartners

Orlando, Florida, United States
Category Company
Founded 2011
Sector Insurance
Revenue 2.9B USD (2024)
DESCRIPTION

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 Orlando, Florida.

DEAL STATS #
Overall 239 of 257
Sector (Business Services) 11 of 11
Type (Add-on Acquisition) 228 of 246
State (Missouri) 9 of 9
Country (United States) 232 of 249
Year (2022) 7 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-18 GMIB

Co. Kerry, Ireland

GMIB operates nationally and has a strong and rapidly growing book of both personal and commercial lines of business. GMIB was founded in 1989 and is based in Co. Kerry, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Midwest Group Benefits

Decorah, Iowa, United States

Midwest Group Benefits is a full-service employee benefits organization that specializes in helping companies select, develop and maintain a group benefits plan. The organization provides administrative services, including claims processing, eligibility, implementation, day-to-day service, reporting, and compliance in the most professional and cost-effective way possible for your organization. Midwest Group Benefits solves short-term problems in the most timely and cost-efficient way while maintaining a focus on delivering long-term benefits. It will focus on solutions that resolve existing problems or shortcomings in employee benefit programs to achieve bottom-line results for clients to gain better value from their benefit. Midwest Group Benefits is based in Decorah, Iowa.

Buy -
Mergr

Product

Company

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