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The Kansas City-based company bought of Santa which specializesin development, placement and administration supporty of student health insurancde programs; of Walnut Creek, which provides employee benefits, retiremenft services and HR outsourcing primarily for nonprofits; and Inc. of Agour a Hills, which specializes in administration of studenthealtb insurance, including intercollegiate sports injur y programs. Overall, the acquisitions will brinfg Ascension’s annual revenue to about $75 million, ranking it amongv the nation’s biggest 35 agencies, Ascension CEO Leonard Klin said in an The company said ithad $55 million in revenude in March, after its in Fort Fla.
Ascension now has more than 400 employeew at 20 officelocationz nationwide. “The acquisitions ... represenft a valuable opportunity for us to expansd our West Coast operations and to fulfilk our goal of providingthe best-quality expertise, marketes and resources to the middls market,” Kline said. “Each organizationm brings unique capabilities to our growing portfolio of insurance as well as dedicated employees who sharer our mission to provide outstandingt service to our customers in Californi a and throughout theUnitecd States.” Kline said the deal closed Thursday afternoon.
Ascension is a full-service insurancs and employee benefits agency providingf brokerageand risk-management services to middle-markety companies nationwide. Ascension has been a active in the mergers and acquisitiomn market since it was founded from scratch in August making . The company is assisted by funds from its privatequity partners, and . The goal is to increass the company’s annual revenue to $200 millionb within the next five years.
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