AssuredPartners

AssuredPartners is jointly owned by private equity firm GTCR and company management since early 2023, when Apax Partners sold its remaining stake. GTCR seeded the platform in 2011 alongside founder Jim Henderson and has maintained a controlling interest through multiple recapitalizations. The firm uses acquisition financing — revolving credit facilities and term loans — to fund its continuous roll-up of independent insurance agencies.

AssuredPartners operates as a corporate insurance brokerage backed by institutional private equity, not a family office. While founder Jim Henderson's prior wealth from Brown & Brown seeded the initial platform, the firm has been structured as a leveraged acquisition vehicle from its inception and has never operated as a single-family entity. Its capital comes from GTCR, Apax, and debt markets.

AssuredPartners sources acquisitions through a dedicated corporate development team and a network of industry contacts built over decades by Jim Henderson and Tom Riley in the insurance brokerage space. They target independent agencies with strong client retention and local market presence, often approaching founders directly rather than running broad auction processes. The firm completed over 400 acquisitions since 2011, typically integrating agencies while retaining producer leadership.

Apax Partners acquired a majority stake in AssuredPartners in 2015, valuing the firm at roughly $4.5 billion. In 2019, GTCR reacquired a significant minority interest alongside Apax, and in early 2023, Apax sold its remaining stake to a consortium led by GTCR and AssuredPartners management. This marked the end of Apax's eight-year involvement and consolidated control under GTCR and the operating team.

AssuredPartners does not offer investment products, manage outside capital, or operate as an asset manager in the traditional sense. It generates revenue from insurance brokerage commissions and consulting fees. However, the firm's parent holding company does manage a significant debt stack, and some private-credit investors may hold AssuredPartners debt through syndicated loans.