http://kevinmcintosh.com/2009/01/burger-king-whopper-sacrifice-facebook-promotion-tests-friendships/
The Kansas City-based company bought of Santa which specializesin development, placement and administrationn support of student health insurance programs; of Walnuty Creek, which provides employee benefits, retirement servicew and HR outsourcing primarily for nonprofits; and Inc. of Agoura which specializes in administratio n of studenthealth insurance, including intercollegiate sports injurg programs. Overall, the acquisitions will brinf Ascension’s annual revenue to about $75 ranking it among the nation’s biggest 35 agencies, Ascension CEO Leonard Klins said inan interview. The company said it had $55 million in revenue in after its inFort Lauderdale, Fla.
Ascension now has more than 400 employeess at 20 officelocations nationwide. “Thde acquisitions ... represent a valuable opportunity for us to expand our West Coasyt operations and to fulfill our goal of providingthe best-quality expertise, markets and resources to the middlr market,” Kline said. “Each organization bringzs unique capabilities to our growing portfoliko ofinsurance agencies, as well as dedicated employees who share our missionn to provide outstanding service to our customeres in California and throughout the United Kline said the deal closed Thursday afternoon.
Ascensionj is a full-service insurance and employewe benefits agency providing brokerageand risk-management servicesa to middle-market companies nationwide. Ascension has been a active in the mergerds and acquisition market since it was founded from scratchy inAugust 2007, makinbg . The company is assiste by funds from its privateequity partners, and . The goal is to increase the company’s annual revenu to $200 million within the next five years.
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