Paramount General Agency
DOWLING HALES ANNOUNCES ITS SECOND TRANSACTION OF 2019: PARAMOUNT GENERAL AGENCY ANNOUNCES ITS SALE TO INSURANCE STRATEGIES. Dowling Hales served as exclusive financial advisor to Paramount General Agency (“Paramount”), a managing general agency and Lloyd’s coverholder, and Paramount Acceptance Corporation, a premium finance company (together, the “Companies”), in its sale to Insurance Strategies Consulting, LLC. Founded in 1996 and headquartered in Tyler, TX with a satellite office in Frisco, Paramount specializes in underwriting commercial transportation risks. Paramount manages specialty long-haul and cross-border programs for trucks traveling between the United States and Mexico. The Companies are led by President & Chief Executive Officer, Rick Hale, who will continue to head the operation with his new partner.
Target Company
Paramount General Agency
Acquirer Company
ISC
Acquisition Date
February 2019
Sector
Insurance
Acquisition Date
February 2019
Industry
MGA
Region
USA
State of Acquired
TX
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