AssuredPartners, Inc. has today announced its first acquisition of 2020. The brokerage giant has snapped up Corkill Insurance Agency, Inc., an Elk Grove Village, IL-based firm that offers personal and commercial lines, employee benefits and clients services.
“Corkill Insurance is a trusted agency that has established solid foundations within its communities,” said AssuredPartners regional president Todd Stocksdale. “This partnership will strengthen our operations as we continue to expand our services and grow throughout the Chicago area.”
Since its founding in March of 2011, AssuredPartners has grown to over $1.4 billion in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States. It has over 170 offices in 30 states and London and is well-known for its consolidation strategy.
Illinois-based Corkill Insurance Agency currently reports $23 million in annualized revenues. Following the deal, its staff of 104 will continue to work under the operational leadership of Luke Praxmarer and Paul Praxmarer.
“Corkill Insurance Agency has been a trusted adviser and expert council for clients since the 1950s,” stated Luke Praxmarer. “Our dedication to our clients and employees led us to join one of the largest insurance brokerage agencies in the country and we are truly excited to partner with AssuredPartners.”
Paul Praxmarer added: “With over 50 years of experience, we lead with a value-added service approach focused on serving our client’s unique needs. The decision to join AssuredPartners meant that truly we found a team to partner with that will enable us to grow and continue fulfilling our passion for client service.”
AssuredPartners president and COO Tom Riley shared his excitement about the deal. He said: “Our corporate cultures align with a client-centered focus and dedication to delivering innovative insurance solutions. We welcome the clientele and team to AssuredPartners.”