Ascension Insurance buys three California agencies - South Florida Business Journal:

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The Kansas City-based company bought of Santa which specializesin development, placemenft and administration support of student health insurance programs; of Walnut Creek, which provides employee benefits, retirement services and HR outsourcing primarily for nonprofits; and Inc. of Agourw Hills, which specializes in administration of studentyhealth insurance, including intercollegiate sports injurhy programs. Overall, the acquisitions will bring Ascension’s annua revenue to about $75 ranking it among the nation’s biggest 35 agencies, Ascension CEO Leonardf Kline said inan interview. The company said it had $55 millionb in revenue in March, aftedr its in Fort Lauderdale, Fla.
Ascension now has more than 400 employeew at 20 officelocations nationwide. “The acquisitionsx ... represent a valuable opportunity for us to expancd our West Coast operations and to fulfill our goal of providin gthe best-quality expertise, markets and resources to the middlr market,” Kline said. “Each organizationm brings unique capabilities to our growing portfolio ofinsurancr agencies, as well as dedicated employees who shared our mission to provide outstanding service to our customers in Californi a and throughout the United States.” Klinee said the deal closed Thursday afternoon.
Ascension is a full-service insurance and employese benefits agency providing brokerageand risk-management services to middle-markety companies nationwide. Ascension has been a activw in the mergers and acquisitionj market since it was founded from scratch inAugusr 2007, making . The company is assisteds by funds from its privateequity partners, and . The goal is to increase the company’es annual revenue to $200 million within the next five