AssuredPartners Acquires Air Capital Insurance, LLC
LAKE MARY, FL – AssuredPartners, Inc. is pleased to announce the acquisition of Air Capital Insurance, LLC (ACI) of Wichita, Kansas. The team of 10 will remain under the leadership of ACI founders Glenn Tate and Greg Hiser. The agency currently reports approximately $2 million in annualized revenues.
“Air Capital Insurance was founded in 2002 in Wichita by Greg Hiser and myself with the goal to establish an aviation specialty agency that distinguished itself through superior service and innovative solutions” said Glenn Tate. “These ideas have been a culmination of efforts of over 70 years’ experience in aviation insurance while working for other brokers and underwriters of the industry.”
“We are pleased to have found a partner that has dedicated talent, resources and financial backing to create one of the best platforms for aviation insurance this industry has seen. Being a part of the AssuredPartners Aerospace team is truly a perfect fit for us” stated Greg Hiser.
“AssuredPartners support of the AP Aerospace team continues unabated” stated AP Aerospace President Jon Downey. “We are aligning ourselves with the best talent in the aviation space and expanding our areas of expertise. We are pleased to have the experienced and passionate team from ACI join AP Aerospace.”