McGowan Companies Expands Portfolio with Aegis Professional Risk Acquisition

McGowan Companies Acquires Aegis Professional Risk

In a significant move to bolster its portfolio, the McGowan Companies, a prominent player in the insurance sector, has successfully acquired the assets of the Aegis Professional Risk division from K2 Insurance Services. This strategic acquisition, finalized on July 30, 2025, marks a new chapter for both companies, aiming to enhance service delivery and product offerings in the competitive insurance market.

The transaction, executed through an asset purchase agreement, ensures that the existing staff of Aegis Pro Risk will remain intact. Under the leadership of Gene Mason, the President and Managing Director, the team will continue its strong tradition of providing exemplary services to clients. Mason expressed enthusiasm about joining forces with McGowan, emphasizing the commitment to expanding their capabilities, which ultimately benefits their policyholders.

Thomas B. McGowan, IV, President and CEO of The McGowan Companies, highlighted that this acquisition aligns perfectly with their national growth strategy. By integrating Aegis Pro Risk's diverse suite of products and services, McGowan aims to reinforce its competitive edge and meet the evolving needs of their clients. This acquisition is seen as a crucial step in McGowan's vision to enhance its operational capabilities in the insurance industry.

The Aegis Pro Risk division has built a strong reputation for delivering exceptional products and services, a legacy McGowan is keen to maintain. Their collaboration aims to foster innovation and efficiency, enabling them to serve clients better. The fusion of resources and expertise is expected to unlock new opportunities and create a more robust product offering.

In light of this acquisition, both McGowan and Aegis Pro Risk are focused on ensuring a seamless transition for stakeholders involved. Existing clients will experience no disruption in service, as the same dedicated team continues to manage their accounts. Communication lines will remain open, and both organizations are committed to addressing any inquiries as the integration progresses.

The McGowan Companies, based in Fairview Park, Ohio, are committed to maintaining the highest standards of customer service while expanding their business reach nationwide. This acquisition is a testament to their ambition to be at the forefront of the insurance industry, providing comprehensive and cutting-edge insurance solutions. As the market landscape continues to evolve, McGowan is poised to lead with innovation and a client-centered approach.

The acquisition of Aegis Pro Risk marks a significant milestone for the McGowan Companies as they journey forward. With a shared vision of excellence, both teams are focused on enhancing the customer experience, optimizing their service offerings, and driving growth within the insurance sector. Industry watchers will be keen to see how this strategic alignment unfolds, setting a precedent for future collaborations in the market.

For more information about McGowan Companies or Aegis Professional Risk, interested parties may contact Brett Davis, Director of Acquisitions, or Gene Mason directly for inquiries. Their offices are located at 20595 Lorain Road, Fairview Park, OH 44126, where they are prepared to assist clients navigated through this exciting transition.