MARSHBERRY SERVES AS FINANCIAL ADVISOR FOR MURRAY INSURANCE ASSOCIATES, INC.
MarshBerry is pleased to offer its congratulations to Murray Insurance Associates and AssuredPartners on their recently closed transaction. MarshBerry is the investment banking firm that represented Lancaster, PA-based Murray Insurance Associates, Inc. (Murray) in its sale to AssuredPartners, Inc. The transaction was announced on January 21, 2021.
The partnership with Murray, #97 on Business Insurance’s “Top 100” of largest U.S. brokers, enables AssuredPartners, Inc. to strengthen their Pennsylvania operations as they continue to broaden their footprint in the region. Murray’s team of 170 will remain under the leadership of Murray Chairman, President and CEO, Richard Rankin. The agency currently reports $31 million in annualized revenues.
“We are honored to have been the investment banking firm brokering this significant transaction,” said Phil Trem, President – Financial Advisory of MarshBerry. “Murray has been a MarshBerry Connect Network member for more than 15 years and we’re excited for the continued growth and new opportunities this partnership creates.”
Terms of the transaction were not disclosed.