SAN DIEGO–Align Financial Holdings, LLC (“Align”), a leading general agency and specialist program underwriting manager, today announced that it has acquired NationsBuilders Insurance Services, Inc. (“NBIS”), an underwriting manager specializing in providing risk management, underwriting and claims handling expertise to the crane & rigging, specialized transportation, concrete pump and equipment rental, and dealer industries. The acquisition of NBIS fits well with Align’s strategy of building a high quality and increasingly diversified underwriting business offering a broad portfolio of specialty P&C programs to an expanding base of customers, brokers and agents.
Kieran Sweeney, Founder and CEO of Align, stated, “I am really delighted to welcome all the employees of NBIS to the Align family.
NBIS has a strong reputation as the leading specialty underwriting manager in the crane & rigging, specialized transportation and concrete pumping industries. Bill Tepe and his management team have over twenty years’ experience developing the products and risk solutions needed to best support the specialist producers and industry associations that serve these industries. We look forward to working with the entire NBIS team and their excellent carrier partners to grow and be successful well into the future.”
Bill Tepe, President of NBIS, commented, “Align is the right company to lead NBIS into its next chapter. Their focus on quality underwriting and service, strong carrier and producer relationships, and people-first approach complements the NBIS culture very well. We appreciate the leadership of our Board of Directors led by SunTx Capital Partners over the years, and are excited about the opportunities to further grow and expand our products and services in partnership with Kieran and the team at Align.”
Evercore Group LLC served as financial advisor, and Dentons Durham Jones Pinegar P.C. served as legal counsel to Align. Piper Sandler &. Co. served as financial advisor and Reed Smith LLP served as legal advisor to NBIS.
Source: ALIGN FINANCIAL HOLDINGS, LLC
“Some of the statements in this third party article may be forward-looking statements and perhaps even inaccurate statements. AgencyEquity or Strategic Agencies LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will AgencyEquity or Strategic Agencies LLC be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.”