Paul Hanson Acquires Majority Interest in Universal Insurance in Arizona

Paul Hanson Partners has acquired a majority interest in Universal Insurance Facilities Ltd., a Phoenix, Ariz.-based provider of specialty insurance programs.

The new corporation will be branded as Universal Insurance Programs.

The deal closed on Nov. 1, and terms were not disclosed.

Randy Tipton will continue as president and Jenny Bortman as vice president of Universal Insurance Programs.

Napa, Calif.-based Paul Hanson Partners provides risk management and insurance placement services nationally to the transportation industry.

Universal is a provider of insurance to salons, including tanning salons and now day spas, with additional specialties including self-storage facilities and self-storage pollution liability.