Announced
Completed
Financials
Tags
Completed
United States
Private
Single Bidder
risk management
Acquisition
Insurance Brokers
Majority
Friendly
reinsurance solutions
Synopsis
Specialty Program Group, an operator of specialty insurance brokerages and underwriting facilities, completed the acquisition of Avant, a provider of insurance solutions. Financial terms were not disclosed. "SPG has a track record of partnering with best in class firms and Avant is no different. Their outside-the-box thinking in solving unmet needs for their clients is unparalleled. Their excitement and innovative culture will bring a new dynamic to SPG's transportation platform and together we will continue to create products and services with our clients' needs front of mind," Chris Treanor, SPG President and CEO.
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