AssuredPartners, Inc. (ASSPAR)

Insurance

Florida-based insurance brokerage services provider AssuredPartners, Inc. is in the market with a $450 million, 8-year nc3 Caa2/CCC+ rated deal with price talk in the 7.50% to 7.75% range. AssuredPartners acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU’s) across the United States and in London. From its founding in March of 2011, the company has grown to over 190 offices in 30 states, Canada and London.