Aug 27, 2015 – US Risk acquires undisclosed stake in Florida based Strategic Program Managers
US Risk acquires and undisclosed stake in
Strategic Program Managers
Dallas — August 27, 2015 U.S. Risk Insurance Group, Inc. (www.usrisk.com), the sixth
largest managing general agency and surplus lines wholesaler in the nation, announced
they have entered into an agreement involving the acquisition by U.S. Risk of an
undisclosed ownership interest in Strategic Program Managers, a specialist Trucking
MGA and Broker. The combined premium volume in this class will exceed $60 million.
Bob Schneebeck, President of Strategic, said “We are delighted to have entered into
partnership with U.S. Risk which secures Strategic as a preeminent underwriter of
transportation business and brings together two highly qualified teams of professionals
creating an environment current and future clients will find compelling.”
Randall Goss, CEO of US Risk, said “Strategic has over 30 years built a sizable platform
for the profitable underwriting and distribution of truck insurance. We look forward to
working closely with Bob and the team at Strategic to develop this business and continue
to set the standards for the industry.”
Mystic Capital Advisors Group, LLC provided transaction advisory services to Strategic.
For more information on Mystic Capital, please contact Kevin P. Donoghue at 212-251-
0972 or visit www.mysticcapital.com .
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