Summit, N.J.-based Specialty Program Group LLC, a holding company for specialty insurance brokers and underwriting facilities, acquired the assets of Paul Hanson Partners and its affiliate, PHP International.
Napa, Calif.-based Paul Hanson Partners is a national program administrator specializing in providing risk management and insurance solutions to the transportation industry. Lisa Paul is the CEO of the company.
Terms of the deal were not disclosed.
Hub International Ltd. established Specialty Program Group as a wholly owned subsidiary in 2015.