Ascension Insurance buys three California agencies - Business First of Louisville:

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The Kansas City-based compant bought of Santa Monica, which specializezs in development, placement and administratio support of student healthinsurancr programs; of Walnut Creek, whic provides employee benefits, retirement services and HR outsourcinvg primarily for nonprofits; and Inc. of Agoura Hills, whic specializes in administration of studenthealthn insurance, including intercollegiate sportas injury programs. Overall, the acquisitions will bring Ascension’z annual revenue to about $75 million, rankingt it among the nation’s biggest 35 agencies, Ascension CEO Leonardx Kline said in an The company said ithad $55 million in revenue in March, after its in Fort Lauderdale, Fla.
Ascensiob now has more than 400 employees at 20 officelocations nationwide. “Th acquisitions ... represent a valuable opportunityu for us to expand our West Coast operations and to fulfill our goal of providing the best-quality expertise, markets and resources to the middles market,” Kline said. “Each organization brings uniqude capabilities to our growing portfolio ofinsurancew agencies, as well as dedicated employees who share our missio to provide outstanding service to our customers in Californiaa and throughout the United States.” Kline said the deal closex Thursday afternoon.
Ascension is a full-service insurance and employeed benefits agency providing brokerageand risk-management services to middle-market companiee nationwide. Ascension has been a active in the mergersx and acquisition market since it was foundedr from scratch inAugusft 2007, making . The company is assistee by funds from its privateequitty partners, and . The goal is to increase the company’s annual revenude to $200 million within the next five years.