Los Angeles-based Worldwide Facilities LLC announced plans to acquire managing general agent and excess and surplus lines broker, McClelland and Hine Inc. and McClelland & Hine Trucking Underwriters LLC (collectively, MHI), headquartered in San Antonio, Texas.
MHI Principals Gill Hine and Amicia Hine and their team will join Worldwide Facilities.
MHI began writing business in San Antonio in 1982 and later expanded to Houston, Dallas and Atlanta.
Worldwide Facilities is a national wholesale insurance broker and managing general agent that has been in business since 1970. Its brokers and underwriters are industry leaders providing expertise in a wide range of specialty lines.
Marsh, Berry & Company Inc. served as the financial advisor to MHI. The acquisition, which is subject to certain conditions, is expected to be completed within the next 30 days.
Source: Worldwide Facilities
Topics Mergers & Acquisitions Texas Agencies Insurance Wholesale
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