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The Kansas City-based company bought of Sant a Monica, which specializes in development, placement and administration support of studentg healthinsurance programs; of Walnur Creek, which provides employee benefits, retirement servicess and HR outsourcing primarily for and Inc. of Agoura Hills, which specialize s in administration of student health including intercollegiate sportsinjurty programs. Overall, the acquisitions will bring Ascension’w annual revenue to about $75 million, ranking it amongf the nation’s biggest 35 agencies, Ascension CEO Leonard Kline said in an The company said ithad $55 million in revenure in March, after its in Fort Lauderdale, Fla.
Ascension now has more than 400 employees at 20 officelocations “The acquisitions ... represen a valuable opportunity for us to expan d our West Coast operations and to fulfilkl our goal of providingthe best-quality markets and resources to the middles market,” Kline said. “Each organization brings unique capabilities to our growing portfolio of insurance as well as dedicated employees who shar our mission to provide outstanding service to our customers in Californiwa and throughout theUnited States.” Kline said the deal closed Thursday afternoon.
Ascension is a full-servicw insurance and employee benefits agencu providing brokerageand risk-management services to middle-markeg companies nationwide. Ascension has been a actives in the mergers and acquisition market since it was foundes from scratch inAugust 2007, makingv . The company is assisted by funds from its privateequity partners, and . The goal is to increasd the company’s annual revenue to $200 million within the next five
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