AssuredPartners buys broker in Buffalo
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AssuredPartners Inc. said Wednesday it has acquired The Vanner Group Inc. and Vanner Benefits LLC.
Terms of the transaction were not disclosed. The acquisition is AssuredPartners’ 39th of 2021, the broker said in a statement.
Buffalo, New York-based Vanner reports $7.5 million in annualized revenue. Its 41 employees will remain under Ralph Vanner, Tom Vanner, William Quinn, Mark Byrne and John Daughton, who will serve as agency president.
Lauren Yurick, AssuredPartners regional president, said in the statement that the deal expands the broker’s operations in New York.
Lake Mary, Florida-based AssuredPartners is the 11th largest broker of U.S business, according to the most recent Business Insurance rankings.
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