Patriot Growth acquires construction and surety broker Cashion
By Isha Marathe
May 27 - (The Insurer) - Pennsylvania-based Patriot Growth Insurance Services has acquired Cashion Company, which specializes in construction risk management, surety bonding and captive insurance solutions for customers in Little Rock and Fayetteville, Arkansas.
The financial terms of the deal were not disclosed. Cashion agency principals Matt Cashion, Lee Jackson, Michael Dornblaser, Andrew Davie and Cash McMillen will remain actively involved in guiding the agency forward.
"(Cashion's) expertise in construction insurance and surety bonding, combined with a long-standing commitment to specialized service and integrity, aligns perfectly with our core values," said Steve Carroll, Patriot Growth's chief acquisition officer.
Earlier in May, Patriot Growth announced that it had partnered with Texas-based aviation insurance agency Ladd Gardner Aviation Insurance.
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