RSC buys surety bond provider
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RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., said Thursday it has acquired surety bond provider Mahorsky Group Inc. and its affiliated entity Brick Procurement Inc.
Terms of the deal were not disclosed.
Mahorsky places bonds for national and international contractors working on large-scale federal and commercial construction projects, an RSC statement said. Headquartered in Blue Bell, Pennsylvania, it has nine regional offices nationwide.
Brick Procurement Inc. provides specialty risk management in federal contracting, and its underwriters have experience in both federal and non-federal construction.
Mahorsky shows 25 employees on its website.
The deal follows RSC’s acquisitions of JW Surety Bonds Inc. and its sister companies Bryant Surety Bonds Inc. and Lance Surety Bonds Associates Inc.
RSC is the 15th largest broker of U.S. business according to the most recent Business Insurance rankings.
