Pinnacle Acquires Beach & Gentry Insurance in Tennessee

Pinnacle Financial Partners Inc. has acquired Murfreesboro, Tenn.-based Beach & Gentry Insurance LLC. Terms were not disclosed.

The company said that Beach & Gentry will merge with Miller & Loughry Insurance & Services Inc., a wholly-owned subsidiary of Pinnacle Financial Partners, also located in Murfreesboro, immediately.

The combined company will take the name Miller Loughry Beach and will consolidate offices following renovations to Pinnacle’s offices at 214 W. College Street in Murfreesboro.

Ken Halliburton will be managing principal of Miller Loughry Beach. Beach & Gentry Principal Clay Beach and Eddie Miller of Miller & Loughry will have leadership roles. All insurance advisors will remain with the combined company. Advisors include Mike Gentry, Jeff Adrian, Hank Coppedge, Gary Garner and Chase Sinquefield from Beach & Gentry; and Rusty Dallas, Bobby Mason, Susan McIndoo, Tim Morrell and Karl Welch from Miller & Loughry.

Beach & Gentry, founded in 1972, has 18 associates and 4,000 clients. Miller & Loughry, the oldest independent insurance agency in Murfreesboro, was founded in 1949 and has 22 associates and 6,300 clients.

Pinnacle began operations in a single downtown Nashville location in October 2000 and reports it has since grown to $3.9 billion in assets at March 31, 2008. The firm is the second-largest bank holding company headquartered in Tennessee, with 31 offices in eight Middle Tennessee counties and two in Knoxville.

Source: Pinnacle
www.pnfp.com