M&A Deal Summary

Specialty Program Group Acquires BSMG

On January 5, 2022, Specialty Program Group acquired insurance company BSMG

Acquisition Highlights
  • This is Specialty Program Group’s 10th transaction in the Insurance sector.
  • This is Specialty Program Group’s 10th transaction in the United States.
  • This is Specialty Program Group’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2022-01-05
Target BSMG
Sector Insurance
Buyer(s) Specialty Program Group
Deal Type Add-on Acquisition

Target

BSMG

Providence, Rhode Island, United States
BSMG is a life and annuity brokerage general agency (BGA) serving advisors and financial institutions. BSMG has a unique combination of programs that set them apart in the market, including their Risk Differentiation UnderwritingTM (RDU) platform for large complex underwriting cases, as well as access to Vive, a leading online multi-carrier term life platform. BSMG was established in 1972 and is headquartered in Providence, Rhode Island.

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Buyer(S) 1

Buyer

Specialty Program Group

Summit, New Jersey, United States
Category Company
Sector Insurance
DESCRIPTION

Specialty Program Group is a provider of underwriting and specialty businesses.

DEAL STATS #
Overall 10 of 19
Sector (Insurance) 10 of 19
Type (Add-on Acquisition) 9 of 18
State (Rhode Island) 1 of 1
Country (United States) 10 of 19
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 CM&F Group

New York, New York, United States

CM&F Group provides medical liability insurance for over 200 different healthcare professions, as well as healthcare groups and clinics. CM&F Group was founded in 1919 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 Jones Birdsong

Chanhassen, Minnesota, United States

Jones Birdsong provides comprehensive insurance packages for motorsports entities, including race tracks, racing events, individual competitors, and racing teams. Jones Birdsong is headquartered in Chanhassen, Minnesota.

Buy -
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