AssuredPartners Inc. on Tuesday said it has acquired Augusta, Georgia-based Cohen-Bailie Insurance LLC and Donald H. Bailie Agency Inc.
Terms of the deal were not disclosed.
The team of 17 employees will remain under the operational structure and leadership of President Hal Cohen. The agency currently reports $2 million in annualized revenues, Lake Mary, Florida-based AssuredPartners said in a statement.
“Cohen-Bailie Insurance LLC and Donald H. Bailie Agency Inc. have had a prevalent influence in Georgia and South Carolina,” AssuredPartners President and Chief Operating Officer Tom Riley said in the statement.
AssuredPartners is the 12th-largest brokerage of U.S. business, according to Business Insurance’s latest ranking.