Capacity Group Affiliate Closes Strategic Investment In Transportation Insurance Services LLC
MAHWAH, N.J., Jan. 12, 2015 /PRNewswire/ -- The Capacity Group of Companies ("Capacity") and All Trans Risk Solutions LLC, an affiliate of Capacity ("All Trans"), today announced that All Trans has entered into a strategic investment in Transportation Insurance Services LLC ("TIS").
TIS is a full service managing general agency specializing in property and casualty insurance for commercial transportation risks. TIS currently offers a comprehensive insurance program for waste haulers, street sweeping operations and septic haulers. Targeted risks include refuse collection (residential and commercial), transfer to landfill, recycling, roll-off operations and the like. The TIS underwriting and management teams have collective experience of over 50 years in the transportation insurance industry.
Robert G. Lull, CEO of Capacity, stated, "Through our strategic investment in TIS, we are expanding our already substantial operations in the brokerage of transportation-based insurance products. We are delighted to be working with Jackie DeVries and Dick Love as business partners and believe that TIS will continue to grow and thrive under their leadership."
About Capacity
The Capacity Group of Companies is a full service specialty insurance and financial services organization headquartered in Mahwah, New Jersey with over 280 employees in 14 retail and wholesale offices. Capacity has a diversified insurance distribution platform in retail, wholesale and specialty program business which offers brokerage services in multiple lines of commercial, personal, specialty and benefits insurance. Since its inception in 1990, Capacity has grown organically and through a series of acquisitions and strategic partnerships and is currently ranked the 43nd largest overall by Business Insurance and among the top 25 privately-held property/casualty agencies in the U.S.
About All Trans
All Trans is one of the premier transportation insurance brokers and program managers in the US. Focusing solely on the public transportation industry, All Trans offers the finest-quality insurance coverage for private school bus operators, limousine operators and non-emergency medical operations.
SOURCE The Capacity Group of Companies
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