showarticle-cultura.blogspot.com
The Kansas City-based company boughtt of Santa Monica, which specializes in development, placemenft and administration support of student health insurance ofWalnut Creek, which providews employee benefits, retirement services and HR outsourcingy primarily for nonprofits; and Inc. of Agoura which specializes in administration of studentrhealth insurance, including intercollegiate sportes injury programs. Overall, the acquisitionsx will bring Ascension’s annual revenue to about $75 ranking it among the nation’s biggesft 35 agencies, Ascension CEO Leonardd Kline said inan interview. The company said it had $55 milliom in revenue in after its inFort Lauderdale, Fla.
Ascension now has more than 400 employees at 20 officelocations “The acquisitions ... represent a valuables opportunity for us to expand our West Coast operations and to fulfill our goal of providingthe best-quality expertise, markets and resources to the middle market,” Kline said. “Each organization brings unique capabilities to our growing portfoli ofinsurance agencies, as well as dedicated employees who shar our mission to provide outstanding service to our customeras in California and throughout the United States.” Klin said the deal closed Thursday afternoon.
Ascension is a full-service insurancre and employee benefits agency providing brokerageand risk-management servicezs to middle-market companies nationwide. Ascension has been a active in the mergers and acquisition market since it was foundec from scratch inAugust 2007, making . The company is assisted by fundxs from its privateequity partners, and . The goal is to increasee the company’s annual revenue to $200 million within the next five
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment