Landry Harris & Co. in Lafayette has been acquired by AssuredPartners Gulf Coast Insurance Agency, a subsidiary of Florida-based AssuredPartners Inc.
Landry Harris & Co. specializes in commercial insurance, bonds, employee benefit programs and personal insurance, with annual revenue of about $10 million.
As part of the acquisition, 37 Landry Harris employees will join AssuredPartners Gulf Coast Insurance Agency. Founded in 1950, local operations will continue at 600 Jefferson St. in Lafayette under the leadership of principals Mark Landry and Frankie Harris.
“Joining AssuredPartners Gulf Coast allows the Landry Harris team to provide enhanced insurance products and services to our clients,” Landry said.
“The Landry Harris acquisition supports the AssuredPartners corporate growth strategy by establishing our presence in a new market,” said Tom Riley, president and chief operating officer.
AssuredPartners is based in Lake Mary, Fla., and is a portfolio company of Chicago-based private equity firm GTCR that acquires and invests in insurance brokerage businesses. AssuredPartners was founded in March 2011 and has grown to about $325 million in annualized revenue. It has more than 80 offices in 26 states and a London office.