Mechanic Group
About Mechanic Group
Mechanic Group is a Financial Services company founded in 1989 by Steve Mechanic, Michael Lehner, and Marc Katz, and was acquired by Specialty Program Group in August 2019. It operates as a private security insurance services are provided to clients. Mechanic Group offers products and services including Commercial Liability Including E&O, Commercial Umbrella – Excess Liability, Workers Compensation, and Other Coverages. Its focus areas include Insurance Carriers and Diversified. Its legal entity is Specialty Program Group LLC. Its competitors include ICICI Lombard, Aviva, Generali, State Farm and HUB International and 4 more; 4 of its 9 listed competitors have raised funding.
Company details
Mechanic Group was founded in 1989 by co-founders Steve Mechanic, Michael Lehner, and Marc Katz. Operations are centered in the insurance sector, where private security insurance services are offered to address specific risks. Coverage is tailored for private entities seeking protection against security-related incidents. The company maintains a focus on core insurance provisions without specified geographic limitations.
- Founders Steve Mechanic, Michael Lehner, Marc Katz
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website mechanicgroup.com
- Acquired by Specialty Program Group (Aug 2019)
- Legal Name Specialty Program Group Llc
- Investors
- Acquired bySpecialty Program Group
(Aug 2019)
Products & Services of Mechanic Group
Mechanic Group offers a comprehensive portfolio of products and services, including Commercial Liability Including E&O, Commercial Umbrella – Excess Liability, Workers Compensation, and Other Coverages.
Provides liability coverage for security and investigation firms
Offers excess liability protection for business risks
Covers employee injuries in security operations
Includes additional specialized insurance options
Investors in Mechanic Group
Mechanic Group has secured backing from 1 investor. Prominent investors backing the company include Specialty Program Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Specialty Program Group is recognized as a leading specialty MGA platform. | 2015 | specialtyprogramgroup.com | United States |
Investor details for Mechanic Group
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People of Mechanic Group
3 people are tracked at Mechanic Group (3 in leadership).
| Name | Role | Group |
|---|---|---|
Steve Mechanic | Co-Founder | Leadership |
Michael Lehner | Co-Founder | Leadership |
Marc Katz | Co-Founder | Leadership |
Complete people profiles for Mechanic Group
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Timeline of Mechanic Group
2 dated milestones of Mechanic Group across 30 years, from founding to its latest funding, stage changes and deals.
- Founded Mechanic Group is founded.
- Exit Acquired by Specialty Program Group.
Competitors of Mechanic Group
Mechanic Group has 9 listed competitors in our database, 4 of them funded. They include ICICI Lombard, Aviva, Generali, State Farm and HUB International, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| icicilombard.com | 2001 | Mumbai, India | $306.52M | 15,275 | Life, health, and general insurance services are provided across India. | |
| aviva.com | 1696 | London, United Kingdom | – | 27,873 | Insurance and asset management services are offered in multiple regions. | |
| generali.com | 1831 | Trieste, Italy | – | 71,327 | Diversified insurance and asset management services are offered globally. | |
| statefarm.com | 1922 | Bloomington, United States | $66.94M | 54,024 | Insurance and financial services are provided to individuals and businesses. | |
| hubinternational.com | 1998 | Chicago, United States | $1.6B | – | Investment advisory, insurance distribution, and risk management services are provided. | |
| bajajfinserv.in | 2007 | Pune, India | – | 53,782 | Financial solutions including loans and insurance are offered. | |
| assurant.com | 1892 | New York, United States | – | 296 | Homeowner, rental, vehicle, flood, and travel insurance services are provided. | |
| prudential.com | 1875 | Newark, United States | – | 40,000 | Life, health, and financial insurance services are provided globally. | |
| rac.co.uk | 1897 | Walsall, United Kingdom | $20.37M | 410 | Vehicle parts and accessories are sold via an online platform. |
Detailed competitors of Mechanic Group
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- Full competitor set
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Top companies in Insurance & Risk Management
10 companies that operate in the same segment as Mechanic Group (Insurance & Risk Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Health insurance plans are offered for individuals and families. | 2006 | Chennai, Tamil Nadu, India | USD 783.29 M | USD 1.9 B | 15,820 | |
Life, health, and general insurance services are provided across India. | 2001 | Mumbai, Maharashtra, India | USD 306.52 M | USD 2.88 B | 16,700 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Life Insurance joint venture between SBI and BNP Paribas Cardiff | 2000 | Mumbai, Maharashtra, India | USD 264 M | USD 14.28 B | 26,360 | |
Insurance, banking, and wealth management services are provided worldwide. | 1816 | Paris, France | – | USD 128.35 B | 100,040 | |
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | – | – | |
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States | – | – | – | |
Cloud-based employee benefits administration solutions are delivered. | 1998 | West Des Moines, Iowa, United States | USD 65.16 M | – | – |
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Frequently Asked Questions about Mechanic Group
Mechanic Group was founded in 1989.
Mechanic Group was founded in 1989 by co-founders Steve Mechanic, Michael Lehner, and Marc Katz. Operations are centered in the insurance sector, where private security insurance services are offered to address specific risks. Coverage is tailored for private entities seeking protection against security-related incidents. The company maintains a focus on core insurance provisions without specified geographic limitations.
Mechanic Group's top competitors include RAC, ICICI Lombard and Bajaj Finserv.
Mechanic Group offers Commercial Liability Including E&O, Commercial Umbrella – Excess Liability, Workers Compensation, and Other Coverages.
Mechanic Group has 1 investor. Key investors include Specialty Program Group.
Mechanic Group operates through Specialty Program Group Llc.
Yes. Mechanic Group was acquired by Specialty Program Group in August 2019.