Chicago-based Hub International Limited announced that one of its major hub insurance brokerage facilities, Battle Creek, Michigan-based Burnham Insurance Group, Inc. (Burnham), purchased the stock of Alberts Insurance Agency, Inc. (Alberts) for an undisclosed amount of cash.
Alberts, which is located in Benton Harbor, Mich., where it will remain, was founded in 1934. The agency has approximately $325,000 in revenue, primarily from arranging commercial insurance coverage for small and mid-size clients in the Southwest Michigan area.
Burnham currently has satellite operations in Portage, Millburg and Niles, Michigan. Charles Burnham, the unit’s president and CEO, said that the Alberts acquisition will further strengthen the organization’s impact in the region and provide cross-selling opportunities.
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