Mahwah, NJ, August 1, 2013:
Robert G. Lull, C.E.O. of Capacity Coverage Co. announced today the acquisition of Guaranty Coverage Corp., also of Mahwah, NJ. Guaranty Coverage has provided trucking companies with property & casualty insurance for over 30 years, specializing in large fleets. The combined companies will operate under the Capacity name going forward.
Mr. Lull, who helped found Capacity over 20 years ago, thought the addition of Guaranty Coverage was a good fit. “When two companies combine their strengths, everybody benefits. The Guaranty team will have many more markets to work with and we look forward to years of growth and continued success.”
Ralph Scafuro, President of Guaranty Coverage, feels the combination of his firm and Capacity Coverage will yield tangible results. “Everyone’s job becomes easier when the resources of a company like Capacity can be brought to bear.”
Capacity Coverage Company of New Jersey, Inc. is among the nation’s largest insurance agent and brokerage firms, with headquarters in Mahwah, NJ and 13 branch offices across the country. Capacity is one of the top-3 privately-held agencies in New Jersey, and among the largest nationwide.
About Capacity Coverage
Capacity Coverage offers an expansive range of standard and customized insurance and financial products, while providing superior customer service for all types of businesses, industries, and individuals. The Capacity Group has a diversified insurance distribution and product platform in Retail, Wholesale and Specialty Program business, as well as all types of personal, commercial, specialty and benefits lines of business. The firm is headquartered in Mahwah, NJ and has 19 offices nationwide. It has grown organically and through a series of acquisitions and strategic partnerships to become one of the 100 largest insurance brokerage firms in the U.S. It is currently ranked number 43 by Business Insurance magazine, and is among the Top 25 privately held brokerage firms in the U.S. by Insurance Journal magazine. ARM-Capacity has been a partner company with Capacity Coverage since 2007.