Evergreen Insurance & Risk Management is set to acquire Florida-based MSN Insurance Brokers.
As part of the deal, MSN Insurance Brokers – which specializes in providing insurance to the commercial trucking industry – will be rebranded as Axle Trucking Insurance.
“Evergreen’s philosophy has always been to choose one specialized niche and become the best at it. For example, at Evergreen we focus on real estate and property insurance across the country and we have become industry leaders. So when we see a company that is specialized and is good at what it does, we like it,” said Evergreen Insurance CEO Izzy Green in a statement.
“MSN fits that. It concentrates on providing insurance to the commercial trucking industry and it excels in that area. Bringing MSN under Evergreen will allow us to take over the back office operations while MSN continues to concentrate at the front end on what it does best,” Green added.
In his statement, Green also thanked Chris McAtee of INS Capital Group for his “invaluable advice” which led to the conclusion of the deal.
“I am overly excited to embark on this new journey with Izzy and his partners,” commented MSN Insurance president Sonia Alvarez. “In the little time I have met Izzy I learned so much—I think his energy alone can take this agency to a higher level. I feel that working together we will grow to a new level neither of us have ever imagined. I thank you Izzy Green for giving me the opportunity to be a part of something big.”
Of MSN’s name change to Axle Trucking, Green had this to say:
“Providing specialized insurance care for commercial trucking comprises 80% of MSN’s business and this is what makes the company stand out. The new name will better reflect what the company does and what makes it unique.”
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