Hub Acquires Burnham

October 18, 2010

Chicago-based broker Hub International has acquired Burnham and Company Inc., of New Jersey.

Terms of the deal were not disclosed.

Burnham, based in Englewood Cliffs, has approximately $4 million in annual revenue. It will become part of Hub International Northeast Ltd. Agency Principal Jeff Burnham will join the Hub team as well.

Originally founded in 1957 by Ronald Burnham, Burnham serves both commercial and personal insurance clients. In 1972, it developed a national specialty in insurance for the elevator industry and, ever since, has been serving elevator clients directly and through their brokers on all lines of business. Burnham will combine with Hub’s existing elevator group, JM Associates, operating as one unit serving the elevator industry.

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Source: Hub

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