Location: Kansas City, MO
Investment Year: 2007
Website: www.ascensionins.com

Business Description

Ascension is a middle market insurance broker which has grown through the acquisitions of small and middle market commercial property-casualty and employee benefits insurance brokers in North America.

Century Investment Thesis 

Opportunity to utilize a hub-and-spoke roll-up strategy in the highly fragmented middle-market commercial insurance distribution market to build a broker platform of scale. Acquire brokers with industry-focused practices where broker knowledge of sector creates barriers to entry.

Century Value Add

• Source acquisition candidates
• Due diligence acquisition targets
• Capital structure optimization