AssuredPartners of New Jersey, a platform operation of insurance brokerage firm AssuredPartners, has purchased Anderson-Jackson-Metts d/b/a AJM Insurance, for an undisclosed sum.
With revenues of nearly $5.3m, New Jersey-based AJM offers commercial and personal insurance coverage and financial planning and health benefits for corporations and individuals.
Under the terms of the agreement, 30 AJM Insurance staff will become a part of AssuredPartners of New Jersey. AJM will continue to be managed by Tony Mahon and Salvatore Abate.
AJM Insurance president Tony Mahon said, "The sense of security and stability we offer will only be magnified by the new resources and support we can now access as part of AssuredPartners."
AssuredPartners president and COO Tom Riley commented, "The AJM Insurance team possesses the professionalism and knowledge that we look for when identifying agencies to partner with as we continue to grow nationally."
Headquartered in Florida, AssuredPartners acquires and invests in insurance brokerage businesses the US and in London.