NSM Insurance Group has acquired Heacock Classic, a division of Heacock Insurance Group that provides collector car insurance. This marks NSM Insurance Group’s third acquisition in the collector car insurance industry.
Heacock Classic, originally CollectorGuard, was established under the Heacock Insurance Group umbrella in 1990 by Ford Heacock III. Over the past 26 years, Heacock has grown the division, both organically and through acquisitions, to insure over 30,000 clients nationwide.
“The timing was just right,” Heacock said. “When the opportunity to sell to a company that would keep the Heacock Classic team and name in place arose, I felt it was just too good to pass up. I am extremely proud of our team, and I am excited to see this business continue to grow and succeed under NSM’s leadership.”
Current Heacock Classic clients will not experience any disturbance and can continue to expect business as usual, according to the business.
“We are excited to bring Heacock Classic into the NSM family and to continue to grow the business,” said Geof McKernan, CEO of NSM Insurance Groupd. “Ford has done a tremendous job building this business and we are pleased that he has agreed to continue to serve as the face of Heacock Classic and as a brand ambassador for the foreseeable future.”
NSM Insurance Group first entered into the collector car insurance marketplace with the acquisition of Condon Skelly in January of 2010. In January of 2014, NSM Insurance Group acquired American Collectors Insurance, which expanded its reach in the market.
“NSM now owns three powerful brands in the collector car market,” McKernan explained. “With this most recent acquisition, we are able to offer collectors a variety of quality products from different companies that are all built on the same standards- providing outstanding customer service, a superior product and coverage, and competitive rates. We are excited to continue to expand our footprint in the collector car market with all three brands.”