AssuredPartners, Inc, a portfolio company of leading Chicago-based private equity firm GTCR, has closed its second investment with the acquisition of SKCG Group, a White Plains, New York-based insurance agency.
With revenues of approximately USD18 million, SKCG is one of the largest privately-held risk management and insurance advisory firms in the US. Since 1996, SKCG has been cited each year as a Top Performer nationwide by the Independent Insurance Agents of America Best Practices Study, evidencing the firm’s strong reputation in the industry. The acquisition provides AssuredPartners with a strategic asset and penetration into the greater New York metropolitan area.
"SKCG has established a premier reputation for client service and industry expertise which will contribute to the continued growth and success of AssuredPartners," says Jim Henderson (pictured), CEO of AssuredPartners. "We are proud to have SKCG join the AssuredPartners team and expand our presence in the greater New York region."
"We look forward to our team’s continued future success within the AssuredPartners organisation," says Thomas Kozera, President and CEO of SKCG. "We believe that AssuredPartners will provide us with new capabilities and resources to better support our current and future customers while maintaining the quality service valued by our clients."
As part of this partnership, AssuredPartners will provide SKCG with strategic and financial support to drive continued growth. The insurance broker will maintain its day to day operations, and the company’s name and location will remain the same. The financial terms of the deal were not disclosed.