Ascension Insurance, Inc. has announced the acquisition of the Las Vegas-based Kapp Insurance Agency, Inc., d/b/a Portal of Nevada, effective April 14, 2010.
Kansas City, MO April 16, 2010 … Ascension Insurance, Inc. has announced the acquisition of the Las Vegas-based Kapp Insurance Agency, Inc., d/b/a Portal of Nevada<http://portalnv.com/pages/0.0.0.home.html>, effective April 14, 2010. Portal of Nevada is a full service employee benefits consulting firm with clients throughout Nevada and California. Portal of Nevada will join Portal Insurance Agency, Inc., which is owned by Ascension and headquartered in Walnut Creek California, to expand its capabilities and consultative expertise in the area of large employee benefits case design and in the specialized area of employee benefits solutions for non-profit organizations. Headquartered in Kansas City, MO, Ascension Insurance, Inc., is a nationwide full-service insurance and employee benefits agency providing high-level brokerage and risk management services specifically to middle-market companies.
In addition, Ascension has appointed Nicole Jones-Gyllstrom, as Lead Strategist/Project Manager for Portal of Nevada working alongside President Brian Kapp of Portal of Nevada and Charles Yeomans, the CEO of Portal Insurance Agency of Walnut Creek. She will serve as lead strategist for Portal’s programs and communications development, and will be responsible for major client relationships and overall program design and coordination. Nicole joins Portal from Mercer of Las Vegas, where she was the Principal/Division President in charge of operations.
Ascension’s President and CEO, Leonard P. Kline, Jr. commented on the acquisition, “We are delighted to welcome Brian Kapp and Nicki Jones-Gyllstrom to the Ascension family of companies. Portal of Nevada is a demonstrated leader in providing creative employee benefits solutions to meet the unique needs of clients with large and varied benefit programs as well as non-profit organizations, and reflects the dedication to client service, expertise and customized resources we value at Ascension.”
Brian Kapp, president of Portal of Nevada commented, "Joining Ascension is a valuable opportunity to leverage our specialized non-profit expertise and offer our clients even greater product and administrative options. Especially in this economic climate, non-profit clients face many challenges. Our relationship with Ascension will enable us to deliver the additional capabilities and resources that will in turn, assist our clients to achieve their goals."
Together with its private equity partners, Parthenon Capital and Century Capital Management, Ascension Insurance Inc., expects to grow to $200 million in revenue over the next four years.
About Ascension Insurance, Inc.:
Based in Kansas City, Mo., Ascension Insurance, Inc.<http://www.ascensionins.com> is led by President and CEO Leonard P. Kline, Jr. Ascension's corporate mission is to create a premier insurance agency that offers superior risk management and benefits consulting services while providing a rewarding professional environment that preserves the expertise and culture that made each operational center successful. Ascension is a privately held corporation.
The HR industry´s premier online community and resource for Human Resource professionals: HR, human resources, HR community, human resources community, HR best practices, best practices in human resources, online communities for HR, HR articles, HR news, human resources articles, human resources news, HR events, leadership, performance management, staffing and recruitment, benefits, compensation, staffing, recruitment, workforce acquisition, human capital management, HR management, human resources management, HR metrics and measurement, organizational development, executive coaching, HR law, employment law, labor relations, hiring employees, HR outsourcing, human resources outsourcing, training and development
hr.com.
human resources management resources for hr professionals. |
HR menus
|
HR events
|
HR Sitemap