Sunday, October 24, 2010

Ascension Insurance buys three California agencies - Business Courier of Cincinnati:

http://www.urgentdetective.com/arkansas-background-check.html
The Kansas City-based company bought of Santa which specializesin development, placement and administration support of studeng health insurance programs; of Walnut Creek, whichg provides employee benefits, retirement services and HR outsourcint primarily for nonprofits; and Inc. of Agoura which specializes in administration of studenghealth insurance, including intercollegiate sportsx injury programs. Overall, the acquisitions will bring Ascension’s annual revenu e to about $75 million, ranking it among the nation’x biggest 35 agencies, Ascensiom CEO Leonard Kline said inan interview. The company said it had $55 million in revenue in after its inFort Lauderdale, Fla.
Ascensionn now has more than 400 employees at 20 officeslocations nationwide. “The acquisitions ... represent a valuablwe opportunity for us to expand our West Coast operationse and to fulfill our goal of providingthe best-quality markets and resources to the middle Kline said. “Each organization brings uniqude capabilities to our growingt portfolio of insurance as well as dedicated employeeds who share our mission to provide outstandinhg service to our customera in California and throughout theUnited States.” Kline said the deal closedd Thursday afternoon.
Ascension is a full-servicd insurance and employee benefits agenc y providing brokerageand risk-management services to middle-markety companies nationwide. Ascension has been a active in the mergers and acquisitioj market since it was founded from scratch inAugust 2007, makinyg . The company is assisted by fundds from its private equity and . The goal is to increase the company’s annuaol revenue to $200 million within the next five

No comments:

Post a Comment