Worldwide Facilities, a Los Angeles-based independent surplus-lines broker and managing general agency, acquired assets of Privett Special Risk Services, a New York City-based wholesaler.
Privett Special Risk Services was founded in 1997 by Don Privett. The firm’s management and staff — including Greg O’Connell, vice president and broker; Peter Tichacek, broker; and production support staff Julie Stewart, Suzanne Quist, Beth Rogers and Nancy Davis — will all join Worldwide Facilities.
Worldwide Facilities said the acquisition will help the firm’s geographical expansion and will further establish a presence in the New York marketplace.
In addition to its Los Angeles headquarters, Worldwide has offices in San Francisco and Irvine, California, Seattle, Washington, Phoenix, Arizona, Chicago, Illinois, St. Louis, Missouri, New York, New York and Atlanta, Georgia.
Topics Mergers & Acquisitions New York
Was this article valuable?
Here are more articles you may enjoy.
Amazon’s Ring Sued Over Facial Recognition Feature 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally 
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
