Local Girls Make Big Sale

Deborah Snow is selling the family business for a modest $25 million.

“It is kind of cool. It is a story about local girls doing well,” said Snow.

Snow, along with her sister Sharon Jallad have agreed to merger with Randall & Quilter, a British corporation. The sister’s business is called Accredited Surety & Casualty. It was founded by their father Hardy (Hank) Snow. Their father was a law enforcement officer who eventually started his bail bonds business in 1953. He retired in 1993 and the girls took over the business at that time.

With 48 employees, most located in Baldwin Park, the company is licensed in 49 states. They work basically as an insurance provider. They underwrite about 200,000 bail bonds each year for approximately 1600 bond agents.

The specialty of the business is in federal bonds, child custody bonds and notary bonds. The sisters will remain with the business after the sale. The approval of the sale by the Florida Office of Insurance Regulation will take about three months to complete.

Posted on July 15, 2014 at 10:00 AM