Bowen, Miclette & Britt Acquires M Surety Services
Bowen, Miclette & Britt Insurance Agency, LLC (BMB) is on the move again, cementing its reputation as one of the top 100 insurance agencies in the U.S. with its recent acquisition of M Surety Services.
This deal is a big win for both companies, but more importantly, it’s a game-changer for BMB’s growing dominance in the surety bond market.
M Surety, founded just six years ago, has quickly become a go-to for contractors needing contract surety bonds.
They’ve made a name for themselves by simplifying the often-complicated bonding process and helping contractors secure the maximum bond capacity at the lowest possible rates.
Paul Cerone, Chief Operating Officer of BMB said:
"Our acquisition of M Surety Services marks another significant step in our strategic plan to enhance our presence in the surety and construction sectors,"
That’s a huge relief for anyone trying to focus on building profitable projects while someone else handles the paperwork.
The Woodlands, Texas-based M Surety will remain in place but now as part of BMB’s broader regional operations.
For their president, Justin McQuain, it was a “natural choice” to team up with BMB.
And with BMB’s reputation and deep resources, this move elevates M Surety from being a niche player in bonds to a full-service insurance provider.
Quite the promotion!
BMB’s Chief Operating Officer, Paul Cerone, is clearly pleased with the acquisition, calling it another step in their strategy to lead in the surety and construction sectors.
And why not?
M Surety’s specialized team is set to be a major asset for BMB’s clients, bringing both companies’ dedication to customer service under one roof.
It’s safe to say this deal strengthens BMB’s place in the market. And with BMB CEO Robert Miclette sitting on an estimated net worth of over $30 million, it’s clear they’ve got both the financial firepower and the business savvy to keep expanding.
So, as BMB continues its growth streak, clients can look forward to a beefed-up range of services, some seriously experienced people, and, perhaps, a smoother ride through the insurance jungle.
