AssuredPartners through a subsidiary, has purchased the assets of Turner & Hamrick, headquartered in Troy, Alabama.
The agency specializes in insurance for the trucking industry, in addition to coverage for businesses, individuals, and professional liability. Turner & Hamrick reports revenues of approximately $3.7m.
As part of the acquisition, 23 Turner & Hamrick employees will join AssuredPartners. Operations will continue in the Troy office, and in existing satellite offices in Birmingham, Montgomery, and Daphne, Alabama, under the local leadership of William F. Hamrick, Managing Member of Turner & Hamrick.
"For more than 20 years, Turner & Hamrick has developed innovative risk management programs for our clients," said Hamrick. "We are excited to provide our clients with new coverage options as a part of the 13th largest insurance broker* in the U.S."
"The Turner & Hamrick acquisition strengthens AssuredPartners presence in the Alabama market," said Tom Riley, President and COO of AssuredPartners, Inc. "We welcome Turner & Hamrick staff and clients to the AssuredPartners family."