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Insurance brokerage AssuredPartners Inc. has acquired McCarthy & Trinka Inc. and Cathey Insurance Services LLC.
Terms of the transactions were not disclosed.
Oak Brook, Illinois-based McCarthy & Trinka Inc. has $2 million in annual revenue, and the firm’s nine employees will remain under the operational leadership of Mark Trinka to help build AssuredPartners’s Illinois platform. AssuredPartners said Thursday in a statement.
“We have a strategic focus on expanding our operations in Illinois,” AssuredPartners Regional President Todd Stocksdale said in the statement. “McCarthy & Trinka aligns perfectly into this platform.”
Cathey Insurance Services LLC of Dallas has $3.4 million in annualized revenue, and its six employees will remain under the operational structure and leadership of Graham Cathey and Ronald Cathey, AssuredPartners said Wednesday in a separate statement.
Lake Mary, Florida-based AssuredPartners is the 12th-largest broker of U.S. business, according to Business Insurance’s latest ranking.
AssuredPartners Inc. continued its push into the general aviation insurance brokerage market this week with the purchase of three more aviation insurance agencies.