Neace Lukens, an AssuredPartners, Inc. company, has bought Jenkins Insurance Services, a Sellersburg, Indiana-based employee benefits insurance firm.
Financial terms weren't disclosed.
The purchase is expected to grow Neace Lukens' employee benefits practice while also expanding the company's reach in Indiana, the company said in a news release.
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"As a small business owner, I looked for a way to diversify product and service offerings for our customers," says Jenkins principal Mike Jenkins. "While Neace Lukens is a national insurance broker, there is strong affiliation between its regional offices and their local communities. By joining Neace Lukens, we can offer our clients more without losing our local values."
Jenkins will join Neace Lukens' New Albany office and will focus on managing his current employee benefits clients and expanding Neace Lukens' service and product platform in the less than 100 life employee benefit arena.
The purchase is part of Neace Lukens' plan to grow and expand its workforce through a partnership with AssuredPartners. It became an AssuredPartners company in September 2011.
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