Novatae’s SPS Asset Deal Adds a Trucking-Liability Route for Retail Agents

Novatae Risk Group said October 1 that it acquired the assets of Specialized Program Solutions (SPS) on August 1, 2026. The Chester, New Jersey, managing general agency specializes in long-haul trucking insurance. The completed deal brings its program into Novatae’s wholesale business, giving retail agencies a defined route for commercial-auto-liability submissions. Novatae did not disclose a purchase price.

Novatae’s program description targets owner-operators and small fleets transporting non-hazardous property in the continental United States. Novatae says its wholesale business works with retail agents rather than soliciting insureds directly. That makes the acquired specialty relevant to agencies deciding where to submit eligible trucking accounts.

Which trucking accounts fit the program?

The SPS program page lists agricultural products, building materials and refrigerated freight among the freight types it handles. Novatae also describes a quote-bind-issue platform and required electronic-logging-device integrations as features of the program. Agents can use the stated cargo and geographic scope as a first screen for submissions; acceptance of an individual account remains subject to underwriting.

A named manager in Chester

Novatae’s Chester office directory lists Chris Daggett as managing director at 267 Main Street. The acquisition announcement identified him as SPS chief executive officer. For retail agents assessing a long-haul trucking risk, the program’s published scope and the Chester listing provide concrete starting points for approaching Novatae’s expanded wholesale operation.