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The Kansas City-based company bought of Santa Monica, which specializes in placement and administration supportf of student healthinsurance programs; of Walnut Creek, which provides employeer benefits, retirement services and HR outsourcing primarily for and Inc. of Agoura Hills, whichh specializes in administration of studenthealth insurance, including intercollegiatse sports injury programs. Overall, the acquisitions will bringt Ascension’s annual revenue to about $75 million, ranking it amonh the nation’s biggest 35 agencies, Ascension CEO Leonarr Kline said inan interview. The compang said it had $55 million in revenue in after its inFort Lauderdale, Fla.
Ascension now has more than 400 employeesa at 20 officelocations “The acquisitions ... represent a valuable opportunity for us to expaned our West Coast operations and to fulfilkl our goal of providinythe best-quality expertise, markets and resources to the middlee market,” Kline said. “Each organization brings unique capabilitiesw to our growing portfolio ofinsurance agencies, as well as dedicatesd employees who share our mission to provide outstanding service to our customers in California and throughout the Unitedd States.
” Kline said the deal closed Thursday Ascension is a full-service insurancs and employee benefits agencyh providing brokerage and risk-management services to middle-markeg companies nationwide. Ascension has been a active in the mergersx and acquisition market since it was foundedx from scratch inAugusf 2007, making . The company is assisted by funds from its private equity and . The goal is to increase the company’es annual revenue to $200 million within the next five
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