NSM Insurance Group, has acquired Heacock Classic, a division of Florida-based Heacock Insurance Group that provides collector car insurance. This marks NSM Insurance Group’s third acquisition in the collector car insurance industry.
Heacock Classic, originally CollectorGuard, was established under the Heacock Insurance Group umbrella in 1990 by Ford Heacock III. Over the past 26 years, Heacock has grown the division, both organically and through acquisitions, to insure over 30,000 clients nationwide. Heacock is based in Lakeland, Fla.
The company says current Heacock Classic clients will not experience any disturbance and can continue to expect business as usual.
According to Geof McKernan, CEO of NSM Insurance Group, Heacock will continue to serve as the face of Heacock Classic and as a brand ambassador for the foreseeable future.
NSM Insurance Group first entered into the collector car insurance marketplace with the acquisition of Condon Skelly in January of 2010. In January of 2014, NSM Insurance Group announced that they had acquired American Collectors Insurance which expanded their reach in the market.
NSM Insurance Group insurance programs include social services and behavioral health; CAT driven property; collector cars; workers’ compensation; aviation; sports and fitness; microbreweries; and professional liability for lawyers, dentists, architects and engineers. NSM Insurance Group is aggressively seeking to acquire additional niche specific insurance businesses and program manager.
Topics Florida Mergers & Acquisitions
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