LENDERS SERVICE CORPORATION ANNOUNCES ACQUISITION OF FINANCIAL PRODUCTS DIVISION OF ASSUREDPARTNERS NL, LLC’s LEXINGTON, KENTUCKY OFFICE
We are pleased to announce that we entered into a definitive agreement on April 6, 2016, to acquire the Financial Products Division of AssuredPartners NL, LLC’s Lexington, Kentucky office, effective as of April 1, 2016.
As an essential part of this acquisition, we are excited to welcome Bob Clark to the Lenders Service Corporation team as Regional Manager. Bob brings with him 40 years of insurance experience and an extensive knowledge of our full line of product offerings.
The acquisition allows for both organizations to focus on core business strengths. For AssuredPartners, the sale ensures that their Financial Products clients will continue to be served by an agency with a long-term commitment to these highly specialized insurance programs, while allowing for their strategic growth initiatives to continue as the fastest growing insurance agency in the nation.
For Lenders Service Corporation, the cash transaction further strengthens our position as a leading regional provider of financial institution programs. It affords all of our clients access to additional products, services, and insurance markets and this is a distinctly positive development for our customers. At the same time, Bob is a quality addition to our team of service-oriented employees.