AssuredPartners buys Massachusetts agency
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AssuredPartners Inc. said Monday it has acquired WTPhelan & Co. Insurance Agency Inc. of Cambridge, Massachusetts — the 20th acquisition of 2020 for the Lake Mary, Florida-based broker.
Financial terms of the deal were not disclosed.
WT Phelan currently reports $18 million in annualized revenue, AssuredPartners said in a statement. WTPhelan’s team of 58 people will remain under the direction of Vice President Robert Ramsey.
“We are pleased to have new members of WTPhelan join our growing team in the Northeast marketplace,” Tom Kozera, AssuredPartners regional president, said in the statement.
AssuredPartners ranked 12th in the most recent Business Insurance rankings of the top 100 U.S brokers by revenue generated by U.S-based clients.
