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- Click date to view article -04/28/05 • SU Group Establishes Specialty Lines Insurance Company
07/29/04 • SU Group Completes Acquisition of TMG
07/09/03 • SU Group LLC Establishes a New Affiliate
07/01/02 • SU Group LLC Completes Acquisition of Mediserve Insurance Services, Inc.
01/01/02 • CNA/SU Group Business Relationship
01/01/02 • Medical Marketplace
SU Group Establishes Specialty Lines Insurance Company
Oak Creek, WI – April 28th, 2005 – SU Group LLC, U.S. national provider of equipment maintenance management programs, announced today the establishment of SU Insurance Company, a Specialty Lines carrier for the maintenance insurance market only.
Michael H. Polaski, President and Chief Executive Officer of SU Group stated, “We thank our staff, client base, intermediaries and CNA for their support and the success they helped bring to SU over the last 23 years. Although CNA has provided the financial guarantee for our maintenance insurance clients for more than 20 years, strategically it made sense for us to move into this specialty marketplace. We are excited about the opportunities this provides for us and our expanding customer base. This definitely strengthens our position in the equipment maintenance management market and is a further indication of our on-going commitment to maintaining our leadership position in this industry.” Polaski further stated that, “We will continue to provide our clients with a wide range of program options based on their specific needs and requirements, and to be able to back those options up with financial strength and twenty-three years of experience.”
SU Group pioneered equipment maintenance management programs in 1982. In addition to their comprehensive risk transfer services, the Company provides any array of cost reduction programs and third party administration choices.
SU Insurance Company plans to commence operations on or about June 1, 2005.
To find out more about the SU Group of Companies contact us at sales@su-group.com or visit our website www.su-group.com.SU Group completes acquisition of Technology Management Group (TMG)
Oak Creek, WI – July 29th, 2004 - SU Group LLC an international provider of equipment maintenance management programs announced today the completion of it’s acquisition of Technology Management Group (TMG) a division of Healthcare Technology Associates, Inc.
Commenting on the acquisition Michael H. Polaski, President and Chief Executive Officer stated, “We are extremely pleased by the addition of TMG to the growing portfolio of Companies that serve our expanding customer base. This addition strengthens our position in the US healthcare market and is a further indication of our ongoing commitment to maintaining our leadership position in this industry’’. Polaski further stated that, “rapid changes in the marketplace have required organizations of all sizes to find new ways to adapt to on-going fiscal demands and competitive pressures. It is therefore, essential for market leaders to search out new technologies, refresh their resources and continue to bring innovative solutions to their customers. We are now better positioned to meet that challenge.’’
TMG’s President, Peter C. Vincer concurred. “The driving force behind SU Group’s success over the years has been their vision and leadership. The opportunity to offer SU’s full range of programs and services to our customers was very important to us. Over the years we have been very fortunate to have loyal clients and supportive employees….this new relationship benefits everyone.’’ As part of the acquisition, Mr. Vincer will take on the role of Senior Vice President, Healthcare Sales and assume overall responsibility for the delivery of cost effective solutions to this market.
About SU Group LLC
Founded in 1982 and headquartered in Oak Creek Wisconsin, SU Group is the recognized leader in equipment maintenance management services for the medical, government, education, financial and pharmaceutical markets. Providing a wide range of alternatives to traditional service contracts, SU’s programs have helped thousands of organizations realize significant dollar savings and organizational efficiencies on a wide range of technical and administrative equipment.
To find out more about the SU Group of Companies contact us at sales@su-group.com or visit our website www.su-group.com.SU Group LLC Establishes a New Affiliate
Oak Creek, WI – July 9, 2003 – After many years of utilizing our internal "large account" division to manage the complex needs of our largest Clients, SU Group has established a separate Company (results LLC®) to specifically address the changing requirements and on-going challenges that these large organizations face with respect to the reduction, containment and management of maintenance expenditures.Although, internally the Company has been working with large organizations for quite some time, it has become apparent that these organizations require a much greater level of service commitment and expertise than many small to medium size operations. Consequently, we upgraded and enhanced our internal processes and procedures, and allocated dedicated individuals with the appropriate experience and skill sets to operate within this environment.
As a maintenance management company specializing in cost reduction initiatives and on-site management, results® utilizes a process driven, consultative approach with clients. This includes an in-depth analysis of the existing equipment costs, and comparisons of the information obtained, to our proprietary SUMITT database and industry-wide historical data. This is followed by the development of a comprehensive strategy specifically tailored to meet the individual needs of the client and the current processes and financial structures that are in place. Using this approach, results® has proven its ability to generate tangible dollar savings in both the public and private sectors from a wide range of equipment types. In addition to direct dollar savings, results® has assisted our Clients to achieve other tangible and intangible benefits through increased levels of service from vendors, lower administration costs and advantageous contractual positions.
As experienced program managers, we assist our Clients in controlling costs incurred on repair and maintenance of equipment by applying our data intelligence, implementing specific loss control measures, providing a seamless transition to the processing of service events, performing contract negotiations and conversions, and utilizing our national parts and vendor network.
Our Clients tell us that because we are able to identify the problems early and respond accordingly, we have been able to better impact results and manage outcomes.
results LLC® is an affiliate within the SU Group of Companies.To find out more about our programs and services, contact us at sales@su-group.com
SU Group LLC Completes Acquisition of Mediserve Insurance Services, Inc.
Oak Creek, WI – July 1, 2002 – SU Group LLC announced today the completion of it’s acquisition of Mediserve Insurance Services, Inc. Terms were not disclosed.Reunited, the pioneers of equipment maintenance management create an unparalleled team of specialists with decades of experience. Michael H. Polaski, President & Chief Executive Officer of SU Group LLC, said, “We are pleased to have the people of Mediserve rejoin us. This acquisition confirms our commitment to introduce the next generation of programs, services and solutions to meet the needs of the complex world of equipment maintenance management.”
Mediserve Insurance Services, Inc., now a subsidiary of SU Group LLC, is poised to expand their scope of customized cost-effective solutions. Clients will benefit from unique cost-reduction models resulting in an innovative array of risk-transfer, performance contracting and third party administration plan options. Through adoption of SU Groups’ consultative approach, Mediserve offers clients an opportunity to investigate the best integration of each model. Together, Mediserve and SU Group LLC have all the necessary resources to deliver to their clients the total solution.
To further explore these paired advantages, please contact a Regional Sales Executive
at (800) 590-9880, or via e-mail to: sales@su-group.comCNA / SU Group Business Relationship
January 1, 2002 – CNA and Specialty Underwriters, Inc. announced a new business relationship this week whereby Specialty Underwriters will purchase 100% of the Specialty Underwriters LLC stock from CNA Warranty. Effective January 1, 2002, Specialty Underwriters will become CNA’s exclusive agent for equipment maintenance insurance. With operations in both the United States and Canada, Specialty Underwriters is the recognized leader in the field of correctional maintenance insurance for the financial, commercial, medical and government markets.
Michael H. Polaski, President and Chief Executive Officer of Specialty Underwriters, stated the new relationship was a winning proposition for all parties. “By maintaining CNA as our main market, we will continue to provide our clients with a service backed by financial strength and integrity, and offer CNA agents and brokers an ongoing stream of non-traditional revenue. With CNA being our primary carrier for over 20 years, we are confident this relationship will continue to grow.”
For Thomas H. Rowley, CNA Warranty, the decision to appoint Specialty Underwriters as the exclusive agent was an easy one. “We continue to be impressed by Specialty Underwriters’ solid technical competency and outstanding track record in the equipment maintenance industry. Over the past number of years, Specialty Underwriters has continued to grow, and more of CNA’s agents have offered this program to their clients. In turn, their clients have continued to enjoy increased efficiencies, improved management controls and positive financial results.”
Specialty Underwriters pioneered equipment maintenance management programs in 1982. In addition to their comprehensive risk transfer services, the Company offers an array of cost reduction programs and third party administration choices.
For more information about Specialty Underwriters’ programs or services, contact:
SPECIALTY UNDERWRITERS LLC9667 South 20th Street
Oak Creek, WI 53154
800.558.9910
Fax: 414.216.1050e-mail: sales@su-group.com
Medical Marketplace
January 1, 2002 – Specialty Underwriters LLC and CNA Warranty announced this week a new business relationship, which will pave the way for Specialty Underwriters’ entry into the Medical marketplace.Effective January 1, 2002, Specialty Underwriters will also become CNA’s exclusive Agent for equipment maintenance insurance for hospitals and medical facilities, in addition to the other markets these two companies jointly serve.
Michael H. Polaski, President and Chief Executive Officer, was excited about the potential for all parties. “Getting back into this market will provide outstanding growth opportunities not only for Specialty Underwriters, but for CNA as our carrier, and their agents as well.”
Specialty Underwriters pioneered equipment maintenance management programs in 1982 and is the recognized leader in the field of correctional maintenance insurance for the financial, commercial and government markets. In addition to their comprehensive risk transfer services, the Company offers an array of cost reduction programs and third party administration choices.
For more information about Specialty Underwriters’ programs or services, contact:
SPECIALTY UNDERWRITERS LLC
9667 South 20th Street
Oak Creek, WI 53154
800.558.9910
Fax: 414.216.1050e-mail: sales@su-group.com
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