Hub International Limited signed a letter of intent to purchase Battle Creek, Mich.-based Burnham Stewart Group, a regional insurance broker, with offices throughout Michigan and in Chicago, Cleveland and Dallas. The company is among the top 100 largest independent brokers in the U.S. with annual revenues exceeding $22 million.
The purchase of Burnham Insurance Group continues Hub International’s growth in the U.S., following deals with J.P. Flanagan Corp. and Kaye Group Inc. (expected to be completed in the second quarter of 2001). Hub International will also have offices in Baltimore, Boston, California, Chicago, Connecticut, Denver, New York and Rhode Island.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Berkely Says It’s No Longer Pressured to Push for Rate ‘Across the Board’ 
LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims 
Businesses Pressured to Respond to ICE While Becoming a Target 
Why Power Outages Do More Economic Damage Than We Think 
