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The Kansas City-based company bought of Santa which specializesin development, placemenr and administration support of studenrt health insurance programs; of Walnut which provides employee benefits, retirement services and HR outsourcin g primarily for nonprofits; and Inc. of Agoura Hills, which specializex in administration of studenthealthu insurance, including intercollegiate sportse injury programs. Overall, the acquisitionsx will bring Ascension’s annual revenue to about $75 million, ranking it among the nation’x biggest 35 agencies, Ascension CEO Leonard Klinew said inan interview. The compan said it had $55 million in revenue in March, after its in Fort Fla.
Ascension now has more than 400 employees at 20 officwelocations nationwide. “The acquisitionx ... represent a valuable opportunit for us to expand our West Coast operationzs and to fulfill our goal of providingthe best-qualitgy expertise, markets and resources to the middle market,” Kline “Each organization brings unique capabilities to our growinhg portfolio of insurance agencies, as well as dedicated employees who sharre our mission to provide outstanding servicre to our customers in California and throughouy the United States.” Kline said the deal closedd Thursday afternoon.
Ascension is a full-servicwe insurance and employee benefits agency providingy brokerageand risk-management services to middle-markey companies nationwide. Ascension has been a activ e in the mergers and acquisition marker since it was foundefd from scratch in August making . The company is assisted by fundsd from its privateequity partners, and . The goal is to increasse the company’s annual revenud to $200 million within the next five
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