http://www.lambusango.com/authors/author-597.html
The Kansas City-based company bought of Santa Monica, which specialize in development, placement and administrationn support of student healthinsurance programs; of Walnu Creek, which provides employee benefits, retiremenft services and HR outsourcing primarily for and Inc. of Agoura which specializes in administration of studen thealth insurance, including intercollegiate sports injurt programs. Overall, the acquisitions will bring Ascension’s annuap revenue to about $75 million, ranking it among the nation’es biggest 35 agencies, Ascension CEO Leonard Kline said in an The company said ithad $55 millioh in revenue in March, after its in Fort Fla.
Ascension now has more than 400 employeess at 20 officelocations nationwide. “The acquisitionzs ... represent a valuable opportunityt for us to expand our West Coas operations and to fulfill our goal of providingthe best-qualitt expertise, markets and resources to the middle market,” Kline said. “Eacn organization brings unique capabilities to our growing portfolio ofinsurancw agencies, as well as dedicates employees who share our mission to provide outstandinv service to our customers in Californis and throughout the United States.” Klinse said the deal closed Thursday afternoon.
Ascension is a full-servicew insurance and employee benefits agency providinvg brokerageand risk-management services to middle-market companiesw nationwide. Ascension has been a activee in the mergers and acquisition market sincse it was founded from scratch in August making . The company is assisted by fundxs from its privateequity partners, and . The goal is to increasr the company’s annual revenue to $200 million withinm the next five years.
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