Mahwah, NJ, October 12, 2015:
The Capacity Group of Companies (“Capacity”) today announced that it has entered into a broad strategic relationship with Shriver Insurance Agency. In conjunction with this expanded relationship, Capacity has acquired an ownership stake in Shriver’s business, which has been renamed Shriver-Capacity Insurance Agency, LLC (“Shriver-Capacity”)
Shriver-Capacity, headquartered in Elmhurst, Illinois, is an insurance agency which specializes in insurance for public transportation companies. Since its founding in 1963, the firm has distributed insurance products to entities involved in a broad range of public transportation, including buses, motorcoaches, limousines and vans.
Robert G. Lull, CEO of Capacity, stated “For many years, we have known and worked with Charlie Shriver and the rest of the team at Shriver Insurance Agency. We are delighted to enter into a partnership with them and believe that the agency will significantly grow as a result of our affiliation.”
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.