Specialty Program Group acquires Chicago-based Avant LLC

Speciality Program Group LLC, a Summit-based operator of speciality insurance brokerages and underwriting facilities, announced on Tuesday it has acquired Avant LLC, a Chicago-based transportation program administrator and wholesale brokerage firm. Financial terms were not disclosed.

“Avant has experienced a long tradition of success, but we could not pass up the opportunity to partner with an organization providing unmatched resources to great firms in our space. Working closely with SPG’s executive leadership team and their transportation platform, will accelerate the creation of additional product offerings and services in new and existing industries we serve. This partnership will position us even more strongly as a leading program administrator,” Hendricks said.