LAKE MARY, FL – April 19, 2018 – AssuredPartners, Inc. is pleased to announce the acquisition of The Elan Group of Tampa, FL. The Elan Group is an employee benefits firm specializing in the design, enrollment and service of employee benefits plans with a staff of 21 that will remain under the leadership of CEO Ross Hays and President Duffy Thaxton. The agency currently reports $6 million in annualized revenue.
“Since the Elan Group’s founding in 1986, we found a way to develop employee benefit planning so that employees would have access to plans more conveniently, less expensively and with advantaged underwriting concessions” stated Ross Hays. “We operate our agency under the core principals of design, communication and administration. This method has provided the ability to grow our business with the client’s best interests in mind.”
“For the past thirty years the market has grown exponentially and The Elan Group has grown with it. We’re proud to have a full-service employee benefits firm focused on our clients. We are also proud to have found a partner in AssuredPartners to further align with as we continue to grow” said Duffy Thaxton.
AssuredPartners President and COO Tom Riley stated, “The addition of the Elan Group will greatly strengthen our employee benefits operations. This partnership will continue to deliver the highest level of service with the best solutions our clients expect from us. We welcome the clients and staff of The Elan Group to AssuredPartners.”
For more information on The Elan Group, please visit: www.elan-group.com.
ABOUT ASSUREDPARTNERS, INC
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners, Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU’s) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to over $1 billion in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States* with over 200 offices in 30 states and London. Since 2011, AssuredPartners has acquired more than 195 insurance agencies. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or firstname.lastname@example.org, or visit www.assuredpartners.com.
Business Insurance in the July 2017 edition, featuring the “100 largest brokers of U.S. business.”