Company energized with aggressive growth plans through acquisition
Chicago, IL – American Patriot Insurance Agency, Inc., a Chicago based company, is pleased to announce the promotion of Mr. Mike Schoch to the position of president. In his new position, Mr. Schoch will be responsible for overall leadership and execution of the company’s strategic goals. Mr. Schoch joined American Patriot Insurance Agency in 1994 as a senior producer.
“The strength of any company is built and measured by its people. The growth and success of American Patriot, which began over 14 years ago, is in large part the result of the hard work, dedication, experience and loyalty of the people that make up our team. I am very confident that our team represents the best in the industry – Mike Schoch’s promotion to President of American Patriot provides a terrific example of this” said Diane Hendricks, CEO of American Patriot.
Since its origin, the company has successfully provided products, programs and services catering to both the retail agent as well as the insured. As part of a continued effort to effectively develop and strengthen the company, American Patriot is implementing two strategic initiatives:
Retail Agency Focus
American Patriot Insurance Agency, the flagship of the Hendricks’ insurance entities based outside of Chicago IL, will reposition itself as a leading edge retail agency. Capitalizing on its comprehensive understanding and experience within the construction industry, the company will take advantage of this as it continues to build out its customer base.
Aggressive growth through acquisition
Working closely with WRI Management Services, LLC., – a Hendricks Holding Company owned entity specializing in financial, strategic, acquisition and capital resources – American Patriot is launching a comprehensive acquisition campaign of retail insurance agencies throughout the United States. Lysa Saran, former president of American Patriot, has been promoted to president, WRI Management Services, responsible for overall leadership and execution of the company’s strategic goals.
“Our goal is to be a top 100 agency within five years. American Patriot’s model for growth through acquisition provides a long term platform for success and stability for agencies in strategic locations throughout the United States that meet our criteria. We provide an excellent perpetuation plan, capital resources for dynamic growth and partnership with a company dedicated to serving the insured” said Mike Schoch, President of American Patriot.
American Patriot and WRI management Services are owned by the Hendricks Holding Company, located in Beloit, WI, co-owned by Diane and Ken Hendricks. The Hendricks’ currently own more than 25 companies throughout the United States Their flagship company, ABC Supply Company, Inc; headquartered in Beloit, WI is the nation’s largest building materials supply wholesaler with over 300 stores located strategically throughout the United States, and is proudly celebrating its 25th anniversary in 2007. The Hendricks’s estimated net worth is approximately 2.6 billion, and recently have been ranked #107 out of the top 400 richest individuals in America by Forbes magazine.
American Patriot Insurance Agency, headquartered outside Chicago Illinois provides retail insurance services nationwide. Further information regarding the details of this press release can be directed via the contact information below.
American Patriot Insurance Agency, Inc
Two Westbrook Corporate Center, Suite 1000
Westchester, IL. 60154
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