AssuredPartners buys South Carolina brokerage

AssuredPartners Inc. announced Monday it has acquired Coastal Plains Insurance of the Low Country Inc. of Bluffton, South Carolina.

Terms of the deal were not disclosed.

Coastal Plains President Mark Stone McDonald will continue to lead the broker’s 10 employees. The broker reports $3 million in annualized revenue.

Lake Mary, Florida-based AssuredPartners is the 12th-largest broker of U.S. business, with about $1.4 billion in annual brokerage revenue, according to Business Insurance’s latest ranking.