One80 Intermediaries, a specialty insurance broker headquartered in Boston, has acquired GMI Insurance, a Pennsylvania-based managing general agent specializing in commercial transportation and related insurance.
Terms of the deal were not disclosed.
Established in 1980, GMI Insurance initially focused on auto rental coverage and diversified its offerings to include a monoline business auto program over 20 years ago. The auto program is for accounts that are not part of a comprehensive insurance package. The program targets contractors, artisans, building supply dealers, retailers, manufacturers and wholesale distributors. In subsequent years, GMI added workers’ compensation, cannabis transport, general liability, auto rental fleet and contingent auto lease programs to their portfolio.
One80 Intermediaries is a privately held firm with offices throughout the U.S. and Canada.
Topics Mergers & Acquisitions
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