MAHWAH, N.J., Oct. 12, 2015 /PRNewswire/ -- The Capacity Group of Companies ("Capacity") today announced that it has entered into a broad strategic relationship with Shriver Insurance Agency. In conjunction with this expanded relationship, Capacity has acquired an ownership stake in Shriver's business, which has been renamed Shriver-Capacity Insurance Agency, LLC ("Shriver-Capacity").
Shriver-Capacity, headquartered in Elmhurst, Illinois, is an insurance agency which specializes in insurance for public transportation companies. Since its founding in 1963, the firm has distributed insurance products to entities involved in a broad range of public transportation, including buses, motorcoaches, limousines and vans.
Robert G. Lull, CEO of Capacity, stated "For many years, we have known and worked with Charlie Shriver and the rest of the team at Shriver Insurance Agency. We are delighted to enter into a partnership with them and believe that the agency will significantly grow as a result of our affiliation."
The Capacity Group of Companies is a full service specialty insurance and financial services organization headquartered in Mahwah, New Jersey with approximately 380 employees in 19 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 20 privately-held property/casualty agencies in the U.S.
SOURCE The Capacity Group of Companies