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AssuredPartners makes Houston agency buy

Posted On: Aug. 28, 2019 12:36 PM CST

Houston acquisition

AssuredPartners Inc. has acquired Houston Business Insurance Agency, the Lake Mary, Florida-based brokerage said in a statement Tuesday.

Terms of the transaction were not disclosed.

Houston provides property and casualty insurance for commercial businesses of all sizes with annual revenue estimated at $1 million, the statement said, adding the broker’s five employees will stay on under owner Dominique Renaud.

“We find partners who truly want a partner in return, and we are proud to have such a vast footprint in the ever-growing Houston marketplace,” AssuredPartners president and COO Tom Riley said in the statement.