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AssuredPartners acquires Phoenix insurance agency

Posted On: Jun. 20, 2019 9:38 AM CST

Mergers and acquisitions

AssuredPartners Inc. on Thursday said it has bought Phoenix-based Horizon Insurance Agency LLC.

Terms of the transaction were not disclosed.

Horizon, founded in 1990, has over $4 million in annualized revenues, Lake Mary-based AssuredPartners said in a statement. It covers a range of industries such as addiction treatment centers, sober living facilities, and assisted living/elder care; and provides coverage for specific industries, including accounting firms.

Horizon’s 25 employees will remain under the operational leadership of Jim Mann, according to the statement.

“It is a great pleasure to have the team join AssuredPartners as we strategically increase our presence in Arizona and beyond,” AssuredPartners president and COO Tom Riley said in the statement.

AssuredPartners is the 12th-largest broker of U.S. business, according to Business Insurance's latest ranking.