McNeil & Co. (McNeil) as acquired Bonding & Insurance Specialists Agency Inc. (BISA), an Orland Park, Illinois-based firm providing insurance products in the environmental and restoration industries.
As part of the agreement, BISA has become a program of McNeil, which is headquartered in Cortland, N.Y., and provides specialized risk assessment and insurance products and services. BISA will remain in its Orland Park location.
Over the years, McNeil and BISA have sold their respective products through some of the same network of agents, which has created strong synergies between the two companies and provides confidence in a strong cultural match.
BISA, an environmental program administrator with over 30 years of experience, specializes in asbestos abatement and water restoration contractors insurance.
Established in 1989, McNeil & Co. is owned by Bermuda-based Arch Capital Group Ltd.
Source: McNeil & Co.
Topics Mergers & Acquisitions Illinois
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