Brennan & Company, a Savannah-based insurance agency specializing in commercial marine insurance and risk management, has joined Patriot Growth Insurance Services, LLC.
Terms of the transaction were not disclosed.
Founded in 2005, Brennan & Company provides coverage and advisory services to clients in the commercial marine sector, including marine terminals and stevedores, shipyards, marine towing companies, dredging contractors, and marine construction firms. The agency is led by principals Edward Brennan, Austin Denney, and Owen Brennan. Edward Brennan said that joining Patriot enables access to expanded resources through collaboration with other agencies in the Patriot network.
Meanwhile, Patriot said the transaction will allow Brennan & Company to continue operating with its existing service approach while benefitting from Patriot’s broader infrastructure and market presence.
Steve Carroll (pictured above), chief acquisition officer at Patriot, said Brennan & Company’s sector-specific experience supports Patriot’s strategic goals.
Marine insurance remains a specialized area within the broader property and casualty market, requiring specific expertise due to the complexity of maritime risks and regulatory requirements. The industry is influenced by factors such as global trade volumes, environmental regulations, and technological advancements in marine operations.
Demand for tailored insurance and risk management solutions has increased as companies seek to mitigate exposures related to vessel operations, cargo handling, and marine construction projects. This has led to growth opportunities for agencies and brokers with specialized knowledge in marine risks.
Founded in 2019, Patriot is a national insurance services firm that partners with employee benefits and property and casualty agencies across the United States. The firm has pursued a strategy of growth through acquisitions and affiliations.
The agreement with Brennan & Company follows Patriot’s recent partnership with Ladd Gardner Aviation Insurance (LGA), an aviation-focused insurance agency based in Addison, Texas. According to Patriot, the addition of LGA added aviation risk capabilities to its property and casualty portfolio.
