The McGowan Companies Acquires Assets of M.P. Caplice Insurance Group, LLC
October 1, 2020
The McGowan Companies purchased certain assets of M.P. Caplice Insurance Group, LLC, effective October 1, 2020, and will rebrand the acquired business under the McGowanPro brand. The deal adds M.P. Caplice’s specialists in accountants and lawyers professional liability (E&O) to McGowan’s program administration capabilities, expanding its national insurance distribution and product offerings.
- Buyers
- The McGowan Companies (McGowan Consolidated Insurance Holdings Group, Inc.)
- Targets
- M.P. Caplice Insurance Group, LLC
- Sellers
- M.P. Caplice Insurance Group, LLC and its subsidiaries/affiliated companies
- Industry
- Insurance
- Location
- Illinois, United States
- Transaction Type
- Divestiture
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