M&A Deal Summary

AssuredPartners Acquires American Westbrook Insurance Services

On December 29, 2014, AssuredPartners acquired insurance company American Westbrook Insurance Services from Hendricks Holding

Acquisition Highlights
  • This is AssuredPartners’ 36th transaction in the Insurance sector.
  • This is AssuredPartners’ 37th transaction in the United States.
  • This is AssuredPartners’ 1st transaction in Illinois.

M&A Deal Summary
Date 2014-12-29
Target American Westbrook Insurance Services
Sector Insurance
Buyer(s) AssuredPartners
Sellers(s) Hendricks Holding
Deal Type Add-on Acquisition

Target

American Westbrook Insurance Services

Westchester, Illinois, United States
American Westbrook Insurance Services, LLC provides a single source for businesses’ insurance needs in the Midwest. The company is contracted with top-rated carriers, providing agency partners and clients with the best products and services available in the industry today.

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Buyer(S) 1

Buyer

AssuredPartners

Orlando, Florida, United States
Category Company
Founded 2011
Sector Insurance
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 39 of 257
Sector (Insurance) 36 of 243
Type (Add-on Acquisition) 36 of 246
State (Illinois) 1 of 13
Country (United States) 37 of 249
Year (2014) 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 Sheehan Insurance Service

Haymarket, Vermont, United States

Sheehan Insurance Service, Inc. is a provider of insurance coverage for businesses, including the senior living, transportation and hospitality industries and insurance for individuals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Brady Insurance Group

Lakewood Ranch, Florida, United States

Brady Insurance Group, specializes in coverage for individuals as well as life insurance products.

Buy -

Seller(S) 1

SELLER

Hendricks Holding

Beloit, Wisconsin, United States

Investor Investor Investor Investor Investor

Category Family Office
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hendricks Holding Co. is a private investment group created to manage the investing activity of the Hendricks family, founders of ABC Supply Co., Inc. HH looks to acquire controlling interests in businesses operating in a range of industries, including building materials, manufacturing, industrial products, transportation, insurance, and real estate. Hendricks Holding, (formerly Amfinity Capital) was formed in 2001 and is based in Beloit, Wisconsin.

DEAL STATS #
Overall 3 of 3
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-19 Gem Pharmaceuticals

Birmingham, Alabama, United States

GEM Pharmaceuticals is a biopharmaceutical company engaged in the development and commercialization of novel anthracycline for the treatment of cancers and inflammation. The company has discovered a compound known as GPX-150 which has been proven to avoid cardiotoxic effects commonly associated with chemotherapy. Gem Pharmaceuticals was founded in 2003 and is based in Birmingham, Alabama.

Buy -
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