The McGowan Companies, one of the nation’s largest insurance conglomerates, has announced the acquisition of Westcap Insurance Services through an asset purchase agreement.
According to a press release, the transaction became effective Nov. 1. Westcap will continue to operate under the “Westcap Insurance Services” brand鈥攍ed by managing director Victoria Millard鈥攚ithin The McGowan family of companies. All staff will remain in place.
Related: McGowan Acquires Limit.com in California
Based in Sacramento, California, Westcap is a program administrator that manages two market-leading programs. The first is a general liability program for contractors and sub-contractors, including residential, commercial and industrial contractors. The second is a general liability and products liability program for the building materials Industry, serving manufacturers and distributors.
McGowan is based in Fairview Park, Ohio, a suburb of Cleveland.
Topics Mergers & Acquisitions
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