M&A Deal Summary

AssuredPartners Acquires Midwest Group Benefits

On May 9, 2022, AssuredPartners acquired insurance company Midwest Group Benefits

Acquisition Highlights
  • This is AssuredPartners’ 226th transaction in the Insurance sector.
  • This is AssuredPartners’ 233rd transaction in the United States.
  • This is AssuredPartners’ 4th transaction in Iowa.

M&A Deal Summary
Date 2022-05-09
Target Midwest Group Benefits
Sector Insurance
Buyer(s) AssuredPartners
Deal Type Add-on Acquisition

Target

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.

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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 240 of 257
Sector (Insurance) 226 of 243
Type (Add-on Acquisition) 229 of 246
State (Iowa) 4 of 4
Country (United States) 233 of 249
Year (2022) 8 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 Duley Bolwar Pederson

Scottsdale, Arizona, United States

Duley Bolwar Pederson provides a strategic mix of plans and services that fit within the overall goal of your employee benefits program. Duley Bolwar Pederson was founded in 1970 and is based in Scottsdale, Arizona.

Buy -
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