Summit, New Jersey-based holding company Specialty Program Group has acquired the assets of Global Marine Insurance Agency for an undisclosed sum.
Traverse City, Michigan-based Global Marine is a national brokerage firm specializing in the boating community including boats, yachts, mega yachts, personal watercrafts, marinas, boat dealers and commercial marine vessels.
Chris Treanor, President and CEO of Specialty Program Group, said that Global Marine had “a strong team and a great national reputation. They are leaders in the marine insurance field.”
Global CEO Matt Anderson said that “SPG has the resources, capital and expertise we need so we can continue to provide our customers with best in class solutions.”