AssuredPartners makes Illinois, Texas buysPosted On: Jun. 28, 2019 11:56 AM CST
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 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 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.