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Specialty Program acquires specialty insurance program manager

Specialty Program Group LLC has acquired the assets of Pearl River, N.Y.-based specialty insurance program manager The Mechanic Group Inc. for undisclosed terms.

The Mechanic Group provides risk management and insurance products for the security guard, private investigation, intelligence, electronic security, alarm installation, central station monitoring and security consulting market.

Following the acquisition, the current leadership of The Mechanic Group will continue to operate and trade under its brand.