SUMMIT, N.J., June 2, 2017 /PRNewswire/ -- Specialty Program Group, a leading holding company for specialty insurance underwriting facilities, announced today that it has acquired the assets of Paul Hanson Partners (PHP) and its affiliate, PHP International. Terms of the acquisition were not disclosed.
Established in 1993 and based in Napa, California, PHP is a national program administrator specializing in providing risk management and insurance solutions to the transportation industry, specifically the moving and storage and last mile delivery segments. PHP operates under the Movers Choice and Biz Choice brands. Since its inception, PHP has created value added solutions for its customers including onboarding of employees, independent contractors, and contract carriers. These solutions are well received by the transportation industry, across the entire US supply chain. PHP has been a leader in the use of technology and strategic outsourcing.
"At Paul Hanson Partners we have always focused on providing new and innovative solutions for our customers. The acquisition by Specialty Program Group allows us to access a wider group of insurance carriers that will serve our customers better and fully utilize our technology and business solutions. We will continue to operate with our experienced management team and employees on the service and value propositions we have become known for, while expanding our insurance products and solutions. We will continue to delight our customers and broker distribution network," said Lisa Paul, CEO of PHP.
"Lisa and her team are rock stars!" said Chris Treanor, President and CEO of Specialty Program Group. "They have built an outstanding business and continue to grow in new and exciting ways. Not only will our partnership help them achieve their long term goals, but their leadership and creative thinking will help us as we grow our broader platform."
About Specialty Program Group
Headquartered in Summit, NJ, Specialty Program Group focuses on expanding program underwriting and specialty businesses. For more information, please visit specialtyprogramgroup.com
Media: Yiana Stavrakis
M&A: Chris Treanor
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SOURCE Specialty Program Group