MGU buys brokerage specializing in motorsports, entertainment

Professional Program Insurance Brokerage, a division of Specialty Program Group LLC, said Wednesday it has acquired Jones Birdsong LLP, a specialty brokerage focused on the motorsports and entertainment industries.

Terms of the transaction were not disclosed.

Founded in 2011 and based in Chanhassen, Minnesota, Jones Birdsong provides property/casualty, executive and professional liability coverage for racetracks, racing events, individual competitors and racing teams.

Petaluma, California-based Professional Program Insurance Brokerage is a managing general underwriter that specializes in niche and emerging risks such as cannabis, medi spas, e-cigarettes and tattoo shops.

Specialty Program Group operates as SPG Insurance Solutions LLC in California.