M Surety Services gets new owner

M Surety Services gets new owner | Insurance Business America

Insurance News

M Surety Services gets new owner

Acquired business to continue operating from current base

Insurance News

By
Terry Gangcuangco

Bowen, Miclette & Britt Insurance Agency (BMB) has completed its swoop for contract surety bonds expert M Surety Services.

Trading since 2018, M Surety Services is known for offering reliable bonding solutions to contractors. Under the deal, financial terms of which were not disclosed, M Surety will continue operating from its base in The Woodlands, Texas, and will become part of BMB’s expanding regional operations.

“Joining BMB was a natural choice for us because of their incredible reputation, the strength of their people, and their culture,” said Justin McQuain (pictured), president of M Surety Services. “Their core values align perfectly with ours, and that was very important in making this decision.

“We’re excited to move from being a bonds-only agency to becoming a full-service insurance provider. This partnership allows us to offer a broader range of products and resources, positioning us to be the total risk management solution for our clients.”

BMB chief operating officer Paul Cerone called the acquisition “another significant step in our strategic plan” to boost the firm’s presence in the surety and construction sectors.

“M Surety’s expertise aligns perfectly with our mission to provide best-in-class products and services. Their experienced team of specialists and client-first approach will be a tremendous asset to our organization.”

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