CRC Insurance Services Inc. has acquired brokers for special surplus lines and MGA W. Brown & Associates Insurance Services Inc. in Irvine, California, CRC said in a statement Tuesday.
The terms of the transaction were not disclosed.
Brown's business includes brokerage, property / accident bonding and transportation bonding, and the deal gives CRC Binding a physical office in California for the first time. W. Brown & Associates will be part of CRC Group's commercial solutions department.
W. Brown & Associates Aviation was not included as part of the transaction.
West McAdams, CEO of CRC Binding, said the acquisition "continues the ongoing expansion of CRC Binding."
Brian English, president of W. Brown & Associates, said joining the CRC Group will give Brown access to more markets, products and analytics.
CRC Group invests more than $ 1