PE backers of AssuredPartners are contemplating sale or IPO

TCR and Apax Partners are said to be considering either a sale or an IPO for insurance brokerage AssuredPartners , which could value the firm at $16 billion, according to Bloomberg.

As background, the stock price of Arthur J. Gallagher has surged around 23% since the beginning of the year, and Brown & Brown’s shares have increased by 25% during the same period.

The company is expected to achieve an EBITDA of $850 million and its recent valuation stands at roughly $5.1 billion. It primarily deals in property, casualty, and employee benefits.

Headquartered in Florida and founded in 2011, AssuredPartners is an independent insurance agency and MGA that acquires and invests in insurance brokerage businesses across the US and in the UK.