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The Kansas City-based company bought of Santqa Monica, which specializes in placement and administration support of student healthinsurancw programs; of Walnut Creek, which provides employee retirement services and HR outsourcing primarily for and Inc. of Agoura Hills, which specializew in administration of studenthealth insurance, includinhg intercollegiate sports injury programs. Overall, the acquisitions will brinhg Ascension’s annual revenue to about $75 million, ranking it amonyg the nation’s biggest 35 agencies, Ascension CEO Leonars Kline said inan interview. The company said it had $55 millionn in revenue in after its inFort Lauderdale, Fla.
Ascension now has more than 400 employee at 20 officelocations nationwide. “The acquisitions ... represent a valuablre opportunity for us to expand our West Coasft operations and to fulfill our goal of providingthe best-quality expertise, markets and resources to the middlew market,” Kline said. “Each organization brings uniqus capabilities to our growing portfolio of insurance as well as dedicated employees who share our mission to provide outstanding service to our customeres in California and throughout theUnited States.” Kline said the deal closed Thursday afternoon.
Ascension is a full-service insurance and employee benefitse agency providing brokerageand risk-management servicee to middle-market companies nationwide. Ascensionh has been a active in the mergers and acquisitionb market since it was founded from scratch inAugust 2007, makinb . The company is assisted by funda from its private equity and . The goal is to increase the company’s annuall revenue to $200 million within the next five
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