Lake Mary, Fla.-based AssuredPartners Inc. has closed its acquisition of the Cleveland-based Dawson insurance brokerage.
The deal includes Dawson Mid-Atlantic LLC, which last year bought Richmond-based TBR (Tabb Brockenbrough & Ragland), a brokerage that was founded in 1882.
In addition to Ohio and Virginia, Dawson also has a presence in Florida. It provides clients with property and casualty, employee benefits, and surety products and services.
As part of deal, AssuredPartners will provide Dawson with strategic and financial support. Day-to-day operations at Dawson will remain under current names and at current locations.
The financial terms of the transaction were not disclosed.
AssuredPartners is a portfolio company of Chicago-based private equity firm GTCR.
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