US-based insurance brokerage firm AssuredPartners has acquired John J. Matsock & Associates to expand its presence in Illinois.

As part of the acquisition, John J. Matsock & Associates’ team of eight members will report to AssuredPartners under the leadership of the company’s agency president Bill Hayes. The agency is said to report $2m in annualised revenues at present.

John J. Matsock & Associates spokesperson Steve Monteith said: “Specialising in the insurance and financial planning needs of our many customers nationwide for more than 40 years, Matsock & Associates has created a team that values relationships, technology and industry knowledge – all combined to offer the products and services that specifically address our clients’ unique businesses.”

Matsock & Associates’ Frank Haywood added: “The decision to join AssuredPartners will further align with our history and ability to continue our core values through our newfound partnership and the belief in Power through Partnership.”

Commenting on the development, Bill Hayes said: “AssuredPartners is pleased to have extended our operations in Illinois with the addition of the experienced staff and great clientele in the Naperville community. Enhancing our capabilities and client offerings will allow for an expansion in this changing landscape.”

AssuredPartners have been on an acquisition spree recently. In January this year, the firm acquired Star & Shield Insurance, followed by the purchase of Nevada West Business Insurance Agency in February.

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