Specialty Program Group Acquires the Assets of Catapult Insurance Solutions
November 2, 2022
Specialty Program Group LLC (SPG), a Summit, New Jersey-based operator of specialty insurance brokerages and underwriting facilities, acquired the assets of Catapult Insurance Solutions, a managing general agency and wholesale brokerage focused on construction and hard-to-place risks. The deal expands SPG's capabilities in the construction segment and adds Catapult's Lloyd's coverholder capacity and niche program infrastructure.
- Buyers
- Specialty Program Group LLC
- Targets
- Catapult Insurance Solutions, LLC
- Sellers
- Catapult Insurance Solutions, LLC
- Industry
- Insurance
- Location
- Texas, United States
- Transaction Type
- Buyout
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