BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, headquartered in Tupelo, Miss., is acquiring Lafayette, La.-based Knox Insurance Group LLC (Knox) in a transaction that is expected to close immediately, BancorpSouth announced.
Financial terms of the pending transaction were not disclosed. Knox was formed in 1972 and currently produces annual revenues of approximately $3 million.
For the past 15 years, Knox operated under the leadership of current owners/brokers Dwayne David and Randall Bonaventure. Knox will continue to operate under their leadership in its current location at 2014 West Pinhook Road #610 in Lafayette.
Knox has a diverse client base including agricultural processing, construction, energy, manufacturing, marine, medical, and transportation. Product specialties include, but are not limited to, workers compensation, business auto, property and casualty, and general/umbrella liability.
Source: BancorpSouth
Topics Mergers & Acquisitions Louisiana
Was this article valuable?
Here are more articles you may enjoy.
Former Bucknell University Coach Charged in Death of Freshman Football Player 
El Niño Likely Strongest in 75 Years, US Forecasters Say 
Fla. Supreme Court Reverses Lower Court on Compensability of a Workplace Shooting 
After Losing Job and Crypto, Man Falsely Claimed $1.3M From 107 Class Actions 
