Biglari Holding Inc. said it has acquired commercial trucking insurer First Guard Insurance Co. Terms were not disclosed.
First Guard underwrites trucking insurance, selling coverage for physical damage and nontrucking liability.
The Venice, Fla.-based insurer will continue to be run by CEO Edmund Campbell III, and the acquisition will not have an impact on day-to-day operations, according to Biglari.
“I couldn't imagine a better, more fitting owner of First Guard,” Campbell said. “As part of Biglari Holdings, First Guard will have a strong parent company, enabling us to pursue our potential for growth. This is great news for truckers.”