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AssuredPartners Inc. has acquired two insurance agencies specializing in general aviation coverage, the Lake Mary, Florida-based broker announced Friday.
Terms of the deals were not disclosed. The two agencies — Regal Aviation Insurance in Hillsboro, Oregon, and Lundy & Clark Insurance Group in Fort Lauderdale, Florida — have combined revenue of $2.2 million, AssuredPartners said in a statement.
The agencies provide coverage for personal aircraft owners, maintenance shops, airports and commercial aviation operators, the statement said.
Private equity-owned AssuredPartners has grown rapidly via acquisition since it was founded in 2011. It is the 12th-largest broker of U.S. business, according to Business Insurance’s latest ranking.
AssuredPartners Inc. has acquired rival broker Preferred Guardian Insurance, the acquisitive Lake Mary, Florida-based broker announced on Tuesday.