(PRWEB) August 01, 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.