Specialty Program Group (SPG) Acquires the Assets of CM&F Group, Inc.
October 4, 2021
Specialty Program Group LLC (SPG), a Summit, New Jersey–based holding company for specialty insurance brokerages and underwriting facilities, has acquired the assets of CM&F Group, a digital provider of healthcare professional liability insurance. The deal is intended to expand SPG's digital insurance capabilities and distribution in specialty healthcare markets while providing CM&F with operational support and access to additional markets.
- Targets
- CM&F Group, Inc.
- Sellers
- Jay Sullivan, Calvin Sullivan, and William Sullivan (third-generation family owners)
- Industry
- Insurance
- Location
- New York, United States
- Transaction Type
- Buyout
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