AssuredPartners boosts Texas footprint

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.