LAKE MARY, FL – May 14, 2018 – AssuredPartners, Inc. is pleased to announce the acquisition of Peoples Insurance Agency (PIA), headquartered in Waverly, Iowa. PIA has been the family owned and operated trusted insurance advisor in Iowa since its founding in 1982. The staff of 88 will continue operations under Market President Josh Whitinger and as last reported with annualized revenues of $13 million.
“We deliver peace of mind as part of our business model. Our employees are committed to providing the highest quality of service possible to offer the coverage our clients need and deserve” said Josh Whitinger. “These are attributes that we will be able to continue with in our new venture with AssuredPartners.”
“Joining AssuredPartners will allow us to remain in our community, keep our family involved in the business, while giving us the opportunity to be a part of a national organization. We are proud to join AssuredPartners” stated PIA’s Jarvis Whitinger.
“Entering Iowa as a new marketplace is an exciting time for AssuredPartners and we are thrilled for the opportunity to become further involved in the community. PIA is a fantastic new partner for our region as it complements our AssuredPartners Transportation vertical with the dedication to the specialty trucking marketplace. Partnering with PIA is a welcomed addition to our Western Region operations” stated AssuredPartners Western Regions President Randy Larsen.
AssuredPartners President and COO Tom Riley, says, “As we continue to strive for excellence in selecting agencies to join our company, PIA absolutely fit the mold. Having such an established agency with a great presence in a new marketplace for us is exciting. We would like to welcome the clients and team at PIA into AssuredPartners.”
For more information on PIA, please visit: www.peoples-insurance.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 MGUs) across the United States and in London. Since 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 185 offices in 30 states and in London. Since 2011, AssuredPartners has acquired more than 200 insurance agencies. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or email@example.com, or visit www.assuredpartners.com.
*Business Insurance in the July 2017 edition, featuring the “100 largest brokers of U.S. business.”