BevCap Management, an alternative risk and captive management firm, has acquired Florida-based Dealer Risk Services, a group captive insurance program.
BevCap, which manages BevCap Captive Group, called it a vertical integration that will allow the firm to expand its platform. Founded in 2008, BevCap said it works with brokers and agents to distribute its products. It is a subsidiary of Beyond Risk Management.
Dealer Risk Services, which services automobile dealerships, was founded in 1968. President Steve Gibson has been in the business since 1984, the company said in a news release.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Magnum Says Ben & Jerry’s Chair Fostered Toxic Culture 
US Data Centers Set to Burn More Natural Gas Than Most Nations 
Where Have all the Atlantic Hurricanes Gone? 
Florida Condo Manager, Contractor Charged in Alleged $186,000 Kickback Scheme 
