Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired Avant, LLC. (Avant), a transportation program administrator and wholesale brokerage firm, with specialty cannabis and supermarket program divisions. Terms of the acquisition were not disclosed.
Established in 1973, Avant offers insurance to the transportation, supermarket, and cannabis industries. The current leadership of Avant will continue to run all aspects of the operation and Avant CEO Scott Hendricks will assume leadership of all transportation within SPG.
According to Hendricks, the brokerage will work with SPG’s executive leadership team and their transportation platform to accelerate the creation of additional product offerings and services in new and existing industries it serves.
Headquartered in Summit, NJ, SPG focuses on expanding program underwriting and specialty businesses.
Was this article valuable?
Here are more articles you may enjoy.
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
Trump’s Hormuz Assurances Are Only a Partial Fix, Shippers Say 
Georgia Insurance Law Is About to Get an Upgrade With Multiple Changes 
Property, Auto Insurance Shopping Up as Consumers Feel Economic Pressures 
