九色

Dallas-based Ascend Insurance Brokerage President and CEO Paul Bassman has closed on the acquisition of the company, purchasing the business from James Chippendale, who founded Ascend in 2001.

Ascend specializes in the entertainment business and has placed coverage for hundreds of clients, including many of the world’s top entertainers; the largest festivals in North America; promoters presenting thousands of events of every size; clubs, ballrooms, theatres, amphitheaters and every other kind of venue of every size; along with concert service and production companies, according to the acquisition announcement.

Experienced in entertainment insurance and risk management services industry, Bassman previously worked in the music industry as a manager of platinum artists, A&R for Capitol Records, concert promoter and label owner.

The executive staff of Ascend Insurance Brokerage prior to the acquisition remains in place as the company’s key management.

Source: Ascend Insurance Brokerage

Topics Mergers & Acquisitions Agencies