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.
Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms 
Atlantic Hurricane Season Forecast Milder Than Normal Thanks to El Nino 
Progressive Is Biggest Auto Insurer, Surpassing State Farm, Says S&P GMI 
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
