McNeil & Company To Acquire Bonding & Insurance Specialists Agency, Inc.
CORTLAND, N.Y.--(BUSINESS WIRE)--Oct 23, 2019--
McNeil & Company (McNeil), a leader in specialized risk assessment and insurance, announced today that it has acquired Bonding & Insurance Specialists Agency, Inc. (BISA), a firm providing insurance products in the environmental and restoration industries.
As part of the agreement, BISA has become a program of McNeil. The company will remain in its place of business in Orland Park, IL.
Over the years, McNeil and BISA have sold their respective products through some of the same network of agents, which has created strong synergies between the two companies and provides confidence in a strong cultural match.
“We have long admired BISA for being the nation’s longest continual environmental insurance program manager with a wealth of experience in the environmental and restoration sectors,” said Daniel F. McNeil, Founder and President of McNeil & Company. “Our companies share similar values: we have been family-owned and operated businesses for many years and we both take pride in putting the customer first. We are confident this acquisition will have mutual benefits, allowing McNeil to expand its program offerings while providing more resources to BISA programs.”
“For over 30 years, BISA has been an environmental insurance program manager providing the best service and products in the environmental and restoration industries,” said William A. Ballay, co-founder of BISA. “Being acquired by McNeil will give us the opportunity to access more resources so we can deliver even better products and services and broaden our customer base. McNeil’s excellent reputation in the industry will greatly enhance our ability to distribute top-quality specialized programs.”
About McNeil & Company
McNeil & Co. is a nationwide leader in specialized insurance programs, drawing on deep industry expertise to develop and deliver policies and risk management services that meet the unique needs of clients. McNeil & Co. offers the best possible specialized coverage, along with a full array of risk management services, to help customers maximize preparedness and grow their businesses. Established in 1989 to answer a need for more comprehensive, tailored policies in the emergency services market, McNeil & Co. has developed and expanded a model for specialty insurance programs based on genuine industry knowledge and a consultative approach to loss control and risk management. Acclaimed products include AdvenSure, AnimalKeepers, ASIP, Car Wash, ESIP (and Benefits), FireWatch, HOMed (O&P Plus), WildPRO and the Bar, Tavern, Club program. McNeil & Company is owned by Arch Capital Group Ltd., a Bermuda-based company with approximately $12.49 billion in capital at June 30, 2019, that provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. For more information, visit: mcneilandcompany.com.
About Bonding & Insurance Specialists Agency, Inc.
Bonding & Insurance Specialists Agency, Inc. (BISA) is the nation’s longest running environmental program administrator with over 30 years of experience in the environmental and restoration industries. The firm specializes in asbestos abatement and water restoration contractors insurance. For more information, visit: bisa-inc.net.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191023005123/en/
CONTACT: Derek Davis
Chief Marketing Officer, McNeil & Company
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES ENVIRONMENT OTHER PROFESSIONAL SERVICES INSURANCE FINANCE CONSULTING
SOURCE: McNeil & Company
Copyright Business Wire 2019.
PUB: 10/23/2019 08:30 AM/DISC: 10/23/2019 08:30 AM