Biglari Holdings in San Antonio, Texas, last week announced its acquisition of Venice, Florida-based First Guard Insurance Co. and its affiliate, 1st Guard Corp. The terms of the transaction were not disclosed.
First Guard Insurance, licensed in 28 states, is a direct underwriter of commercial trucking insurance selling physical damage and non-trucking liability insurance to truckers. First Guard will continue to be operated by its current management team led by CEO Edmund B. Campbell, III.
The ownership change will not have an impact on day-to-day operations, and First Guard will remain headquartered in Venice, Florida, according to the announcement.
Biglari Holdings Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities, including media, property/casualty insurance, and restaurants. Its subsidiary companies include Steak ‘n Shake Operations Inc. and Biglari Real Estate Development Corp.