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AssuredPartners buys aviation specialists

Posted On: Oct. 1, 2018 8:50 AM CST

AssuredPartners buys aviation specialists

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.