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AssuredPartners Inc. on Monday said it has acquired Baldwin-Cox Agency LLC of Dallas.
Terms of the deal were not disclosed.
The agency currently reports $9 million in annualized revenue, Lake Mary, Florida-based AssuredPartners said in a statement. It specializes in construction bonds but also handles other property/casualty and employee benefits business.
Baldwin-Cox’s 35 employees will remain under the operational structure and leadership of President and CEO Bill Baldwin.
AssuredPartners is the 12th-largest brokerage of U.S. business, according to Business Insurance’s latest ranking.
AssuredPartners Inc. continued its push into the general aviation insurance brokerage market this week with the purchase of three more aviation insurance agencies.