SUNZ Insurance Company Announces Acquisition of Brentwood National Insurance Company

Jan 14, 2010, 12:57 ET from SUNZ Insurance Company

ST. PETERSBURG, Fla., Jan. 14 /PRNewswire/ -- SUNZ Insurance Company announced today that they have acquired Brentwood National Insurance Company of Brentwood, Tennessee.

For half a decade, SUNZ Insurance Company, with its corporate office in St. Petersburg, FL, has been providing Professional Employer Organizations (PEO) and Staffing Companies with individualized workers' compensation policies. Their hands-on, personalized service and flexibility are characteristics unique to the industry.

Doug Lilak, CEO of SUNZ Insurance Company said, "From inception, our focus has been on the client. When we provide specialized services and work with each client on an individualized plan that best fits their needs, we reduce the risk of disappointment, which in turn, benefits us all."

In the wake of a recession that has haunted nearly every company in the industry, SUNZ has overcome the odds and declining economy to help grow the business and expand into new markets.  

Currently, SUNZ is in the process of finalizing rate approval in the state jurisdictions that have been acquired through Brentwood National.

Once complete, the expansion will focus primarily on the southeast region of the country and will give SUNZ the opportunity to write policies in an additional 12 states--something SUNZ and their current customers have been anxiously awaiting.

A partnership between SUNZ and private equity investment firm Palm Beach Capital, made this expansion possible. Palm Beach Capital partners with management teams in middle market buyouts, recapitalizations and growth equity investments.

Nate Ward of Palm Beach Capital said, "I would like to congratulate the SUNZ management team for closing on the addition of 12 state licenses for SUNZ Insurance. This is a big step towards maximizing surplus through the addition of new markets to serve new and existing clients."

SUNZ expects the expansion to prove beneficial for all parties involved by providing optimal services to existing clients, continuing to allow the company to focus their support of PEO's on a local level as well as the national level, and welcoming a huge opportunity for growth.  

In you are interested in learning more about SUNZ Insurance Company, please visit their website at or call (727) 497-1247 or Toll Free: (800) 684-2157.

SOURCE SUNZ Insurance Company