VestNexus.com

5010 Avenue of the Moon
New York, NY 10018 US.
Mon - Sat 8.00 - 18.00.
Sunday CLOSED
212 386 5575
Free call

Patriot buys construction brokerage

Patriot Growth Insurance Services LLC said Thursday it has acquired The Cashion Company Insurance and Bonding LLC.

Terms were not disclosed.

Little Rock, Arkansas-based Cashion has about 20 employees and specializes in construction insurance and surety bonds.

Principals Matt Cashion, Lee Jackson, Michael Dornblaser, Andrew Davie and Cash McMillen will remain with the brokerage, Patriot said in a statement.

Private-equity-backed Patriot was founded in 2019 and has expanded rapidly through acquisitions. It is the 24th largest brokerage of U.S. business, according to Business Insurance’s most recent ranking.