DALLAS, Oct. 1, 2026 /PRNewswire/ — Novatae Risk Group (Novatae) announced today that it acquired the assets of Specialized Program Solutions (SPS), a leading Managing General Agency in the trucking insurance market located in Chester, N.J., on Aug. 1, 2026. Terms of the transaction were not disclosed.
Founded in 2022, SPS specializes in underwriting, marketing and program administration for long-haul trucking risks throughout the U.S. Through its proprietary technology platform, data-driven underwriting capabilities and responsive portfolio management, SPS brings a modern approach to commercial trucking insurance.
“Since launching SPS, our goal has been to transform the way trucking insurance is underwritten by combining industry-leading technology, real-time comprehensive data and strict underwriting discipline,” said Christopher Daggett, chief executive officer of SPS. “Joining Novatae allows us to accelerate that vision while continuing to provide our agents and insureds with the responsive service, innovative solutions and specialized expertise they’ve come to expect. We are excited about the opportunities ahead as part of the Novatae team.”
“Chris and the SPS team have built an impressive specialty platform in a short period of time,” said Josh Taylor, managing director at Novatae. “Their technology-driven approach to underwriting, strong performance in the trucking segment and commitment to disciplined growth make them an outstanding addition to the Novatae team. SPS brings deep expertise, innovative capabilities and a differentiated market position that will further strengthen our transportation and specialty program offerings.”
Giordano Halleran Ciesla provided legal counsel to Novatae. No additional advisors or diligence firms were disclosed.
About Novatae Risk Group
Novatae Risk Group (Novatae) is a full-service specialty insurance brokerage, managing general agency and program manager providing brokers and their clients with insurance products and services for complex and hard-to-place risks across property, casualty, workers’ compensation, cyber, professional, management, construction, environmental, garage, inland marine/ocean marine and more. Novatae is licensed in all 50 states and serves more than 6,000 clients from 43 offices across the U.S. For more information, please visit www.novatae.com.
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SOURCE Novatae Risk Group
