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The Kansas City-based company bought of Santz Monica, which specializes in placement and administration support of student healthinsurance programs; of Walnut Creek, which provides employee retirement services and HR outsourcing primarily for and Inc. of Agoura Hills, whichn specializes in administration of studentfhealth insurance, including intercollegiate sports injury Overall, the acquisitions will brinfg Ascension’s annual revenue to about $75 million, ranking it among the nation’e biggest 35 agencies, Ascension CEO Leonard Kline said in an The company said it had $55 milliob in revenue in March, after its in Fort Fla.
Ascension now has more than 400 employees at 20 officelocations “The acquisitions ... represent a valuable opportunityh for us to expand our West Coast operations and to fulfilll our goal of providingthe best-qualituy expertise, markets and resources to the middle Kline said. “Each organizationm brings unique capabilities to our growing portfoliop ofinsurance agencies, as well as dedicated employeew who share our mission to provide outstanding service to our customers in California and throughoutt the United States.” Kline said the deal closed Thursday afternoon.
Ascension is a full-serviced insurance and employee benefits agency providing brokeragerand risk-management services to middle-market companies nationwide. Ascension has been a activew in the mergers and acquisitiohn market since it was founded from scratcu inAugust 2007, making . The companu is assisted by funda from its privateequity partners, and . The goal is to increasre the company’s annual revenue to $200 milliojn within the next five
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