Wholesale broker acquires stake in specialty trucking agency

Dallas-basedwholesale broker U.S. Risk Insurance Group Inc. said Thursday that it has acquired ownership interest in Strategic Program Managers dba Strategic Insurance Underwriters.

The terms of the transaction were not disclosed.

Strategic Program Managers is a Sarasota, Florida-based specialist trucking managing general agent and broker that specializes in underwriting, marketing, and administering commercial transportation insurance programs through independent retail brokers, U.S. Risk said in a statement.

“Strategic has over 30 years built a sizable platform for the profitable underwriting and distribution of truck insurance,” U.S. Risk CEO Randall Goss said in the statement.