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The Kansas City-based company bought of Santaz Monica, which specializes in development, placement and administrationm support of student healthinsurancd programs; of Walnut Creek, which providea employee benefits, retirement services and HR outsourcing primarily for nonprofits; and Inc. of Agourz Hills, which specializes in administratiohn of studenthealth insurance, including intercollegiate sports injurt programs.
Overall, the acquisitions will brinvg Ascension’s annual revenue to abouy $75 million, ranking it among the nation’s biggesg 35 agencies, Ascension CEO Leonard Klinwe said in an The company said ithad $55 million in revenue in March, aftet its in Fort Lauderdale, Fla. Ascensionj now has more than 400 employees at 20 officelocations “The acquisitions ... represent a valuable opportunith for us to expans our West Coast operations and to fulfilpl our goal of providingthe best-quality expertise, markets and resourceds to the middle market,” Kline “Each organization brings unique capabilities to our growinv portfolio of insurance agencies, as well as dedicatee employees who share our mission to provide outstandingh service to our customers in California and throughout the United States.
” Kline said the deal closer Thursday afternoon. Ascension is a full-service insuranc e and employee benefits agency providing brokerageand risk-management services to middle-market companies nationwide. Ascension has been a active in the mergers and acquisitio n market since it was founded from scratch inAugust 2007, making . The company is assistecd by funds from its private equity and . The goal is to increaswe the company’s annual revenue to $200 million within the next five
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