McGowan Companies Welcomes Westcap Insurance Services
The McGowan Companies has exciting news to share: the acquisition of Westcap Insurance Services marks a significant step in their strategic growth plan. This move comes as a response to the evolving needs of the construction and building materials industries, establishing McGowan as a robust player in insurance services.
About the Acquisition
Westcap, a well-regarded program administrator, has delivered specialized insurance programs for over two decades. Their key offerings include a General Liability Program tailored for contractors and a dedicated program for the building materials sector. This acquisition enables McGowan to integrate Westcap’s expertise, ensuring a broader range of services and an expanded geographical reach.
Targets and Opportunities
Victoria Millard, Westcap's Managing Director, expressed her enthusiasm about the acquisition. Westcap's innovative approach and commitment to customer service legacy create a solid foundation for this partnership. With McGowan's substantial capacity, extending their innovative product lineup is on the horizon.
Strengthening Market Position
Thomas B. McGowan, IV, President and CEO of The McGowan Companies, highlighted the alignment of this acquisition with their wider growth strategy. The integration of Westcap will not only enhance their distribution capabilities but also elevate the standards of service they provide to clients. This collaboration aims to develop new products while honoring Westcap's esteemed tradition.
What This Means for Clients
Post-acquisition, Westcap will maintain its branding and operational independence within The McGowan Companies. This structure ensures that clients can continue receiving the outstanding service and innovative solutions they have come to expect. All Westcap employees will remain in their roles, preserving the company's ethos and dedication to excellence.
Future Innovations
Looking ahead, there is excitement in the air at McGowan regarding the launching of new and innovative insurance programs. Clients can anticipate elevated offerings that cater specifically to their needs within the construction and building materials sectors. Westcap's seasoned staff will play a crucial role in this process, ensuring a seamless transition and continued service excellence.
Contact Information
For any inquiries related to this acquisition, individuals can reach out to the following:
Brett Davis, Director of Acquisitions
The McGowan Companies
20595 Lorain Road, Fairview Park, OH 44126
Phone: (440) 333-6300 x2132
Victoria Millard, Managing Director
Westcap Insurance Services
20595 Lorain Road, Fairview Park, OH 44126
Phone: (619) 937-8900
Frequently Asked Questions
What is the significance of McGowan acquiring Westcap?
This acquisition strengthens McGowan's position in the insurance market, particularly in serving the construction and building materials industries.
Will Westcap continue to operate under its name?
Yes, Westcap will continue to operate under its existing brand within The McGowan Companies.
What new initiatives can clients expect after the acquisition?
Clients can look forward to new insurance programs and enhanced service offerings that meet their specific needs.
How does this acquisition benefit McGowan?
The acquisition allows McGowan to expand its distribution channels and leverage Westcap's specialized expertise.
Who can clients contact for more information regarding this change?
Clients can contact Brett Davis or Victoria Millard for any inquiries related to the acquisition and future offerings.
