For Immediate Release
NSM INSURANCE GROUP HAS COLLECTABLE VEHICLE INSURANCE AGENCY
New York, New York – January 26, 2010 – NSM Insurance Group has announced that is has successfully completed the acquisition of Condon & Skelly Collectable Vehicle Insurance Agency. Condon & Skelly was founded in 1965 as a tiny insurance niche and is the original insurance broker in the antique, classic car, and street rod market. Today the industry of classic and antique vehicle insurance is a $1 Billion dollar industry. Merger & Acquisition Services, Inc,. acted as the buyside advisor to NSM. “This great opportunity was brought to us by Jason Murgio and Don Emeigh of Merger & Acquisition Services. We will continue to offer the best mix of insurance products, with a preeminent carrier, at affordable prices to Vehicle Collectors”, said Geof McKernan, CEO, NSM Insurance Group. “As a collector myself, I’m elated to be part of this cool marketplace. We also have some new business practices and technology coming down the road that will revolutionize the ease of doing business for Collectors and their Insurance Agents.” NSM Insurance Group is a national Program Administrator with offices in five states across the country and specializes in the development and marketing of industry specific programs.
• In business over 35 years • $300,000,000 in premium written annually
• Market leader in the development and implementation of industry specific insurance programs
• Underwriting expertise in specific industries and select lines of business
• Partner with top rated insurance carriers
• Superior service-as evidenced by a client retention rate of over 90%!!
About Merger & Acquisition Services, Inc.
Merger & Acquisition Services, Inc. is a specialist advisory and financial services Firm to the insurance and reinsurance industry, with offices in New York, Connecticut, Georgia & Cayman Islands. Founded in 1999, the Firm and its affiliates provides investment banking and insurance consulting services globally, including; merger & acquisition advisory capital raising, valuations, program placement/fronting, and reinsurance advisory. Merger & Acquisition Capital Services, LLC., a registered broker-dealer and member FINRA / SIPC, is an affiliate of Merger & Acquisition Services, Inc.
To learn more about Merger & Acquisition Services, visit https://maservices.com.