AssuredPartners snaps up Illinois agency for market expansion

US property/casualty broker AssuredPartners has acquired Rand-Tec Insurance Agency, an Illinois-based agency with $8 million in annualised revenues.

“Rand-Tec is a trusted agency that has built solid long-lasting and trusting relationships with its clients and we feel this is a great partnership as we expand in the Illinois marketplace,” said Todd Stocksdale, regional president of AssuredPartners. “We are pleased to have the clients and team members of Rand-Tec join AssuredPartners.”

Tom Riley, AssuredPartners president and COO, added: “We are delighted to combine the strengths of our new partner, Rand-Tec Insurance Agency, with the existing structure that we have built in the Illinois marketplace. At AssuredPartners we are truly identifying the best partners, in the best places to allow for growth with exceptional services and solutions for our clients. We welcome Rand-Tec Insurance Agency.”

Todd Silver, president of Rand-Tec, commented: “For over 30 years, Rand-Tec Insurance Agency has worked to be an industry leader by providing individuals and businesses with superior insurance products at fair prices. We pride ourselves on providing our clients with full dedication, superior customer service and professional courtesy. As we partner with AssuredPartners, we will continue to work hand in hand with each of our clients and continue building long, trusting relationships.”