AssuredPartners Acquires Aviation Business
- December 11, 2018
AssuredPartners Acquires Aviation Business from AOPA Insurance Agency, Inc.
LAKE MARY, FL – December 7, 2018 – AssuredPartners, Inc. is pleased to announce the addition of the aviation book of business formerly owned by AOPA Insurance Agency, Inc. into the AP Aerospace operations of AssuredPartners. AOPA is an aerospace specific association focusing on the needs of aircraft owners, renters, CFI or aviation business operators. AOPA was founded in 1939 and has been serving the general aviation community for nearly three quarters of a century. The association will continue to operate its agency with non-aviation related insurance products. This transaction marks the 34th acquisition for AssuredPartners in 2018.
“AssuredPartners has invested significantly over the past five years to create an industry leader in the aerospace sector” stated AP Aerospace CEO, Bill Behan. “We have combined four of the leading aerospace insurance brokers into the operations forming AP Aerospace. AP Aerospace has the experience in place combined with a strong leadership structure and sound operations with the overall backing of AssuredPartners and additional expected growth in the very near future.”
AssuredPartners President and COO Tom Riley commented, “AP Aerospace has been established to be an advocate for our customers specific to the unique challenges and coverages pertaining to aviation. We operate under the highest level of honesty and integrity as we continue to expand operations and build successful partnerships with the Power through Partnership. AssuredPartners will be the industry leader for those who enjoy flying and beyond.”