DALLAS, TX and SCOTTSDALE, AZ — December 10, 2012 – Springtree Group (STG), a leader in providing the full spectrum of M&A and financial services to Insurance Agents and Brokers is pleased to announce the merger of Scottsdale based Cannon Aviation Insurance by its client, Ladd Gardner Aviation Insurance. The combined company is headquartered in Addison, Texas. This transaction closed on December 7th, 2012 and was led by Ladd Gardner, President of LGA, Bob Cannon, Chairman of Cannon Aviation Insurance, Kathleen Cannon, CFO of Cannon Aviation Insurance, Angie Harris, President of Cannon Aviation Insurance and STG CEO, Sam Patterson. For full details, please call Springtree Group at (972) 395-8811 or contact us online
(PRWEB) December 17, 2012
“The merger of these outstanding aviation insurance firms helps reinforce a sustainable and marked advantage for our highly specialized insurance operations. The addition of Cannon’s services and client base to our national platform of light aircraft insurance services is a natural and complementary fit that supports our significant growth efforts in this arena,” said Gardner. “Cannon’s clients will benefit from emphasizing top of scale customer service, programs, claims experience, integrated client relations, broader expertise as well as the addition of seasoned staff and more comprehensive resources”.
“We are very excited to join forces with LGA. Combining these two highly capable teams enables the collective organization to increase our service offerings for our existing clients as well as enhance the ability of the combined company to acquire new clients and obtain the best talent in the industry.” said Bob Cannon, CEO of Cannon Aviation Insurance. “We are very optimistic about the future for both our clients and the opportunities that exist for our employees.”
About LGA Insurance
LGA is one of the most respected names in the aviation insurance marketplace, headquartered in Addison, TX. The Company’s insurance and risk management professionals provide a broad scope of insurance services to a distinguished client list throughout USA. LGA owns a proud heritage of serving the insurance needs of the aviation community for a number of years.
In the aviation community relationships are paramount, and the combination of the LGA field experience along with significant and long standing relations with the premier insurance underwriting companies, allows us to provide the client with the utmost level of service at the most competitive premium.
About Cannon Aviation Insurance
Located in Scottsdale AZ, Cannon Aviation Insurance has a 12 year reputation of supporting the general aviation, sport flying, warbirds, corporate aviation and flight school business. Bob Cannon is a 30 plus year veteran of the aviation insurance market in both underwriting and as a broker. He has managed coverage varying from light aircraft, corporate aircraft, warbirds, classic jets, and commercial airliners.
About Springtree Group
Springtree Group, founded in 1988, provides Mergers & Acquisition advisory and financial support to the Insurance community. STG is the largest USA Company of its type, bringing a highly specialized portfolio mix of loan platforms and M&A consulting services specifically built and managed for this highly fragmented market space.