AssuredPartners buys Pennsylvania brokerage

AssuredPartners Inc. said Monday that it has acquired Conshohocken, Pennsylvania-based M.F. Irvine Cos.

M.F. Irvine handles commercial lines, employee benefits and personal lines coverage for organizations throughout the United States, according to an AssuredPartners statement.

The team will continue operations under the leadership of CEO Michael Irvine, according to the statement.

Terms of the deal were not disclosed.

AssuredPartners is the 13th largest broker of U.S. business, according to Business Insurance’s latest ranking. Owned by London-based private equity firms Apax Partners L.L.P., the brokerage has expanded rapidly through acquisitions over the past several years.