Wachovia Corporation of Charlotte, N.C. announced the completion of its acquisition of Cameron M. Harris & Company, a broker specializing in risk management and employee benefits.
Cameron M. Harris has $27 million in revenues, and operates in Charlotte, Raleigh and Columbia, N.C. The transaction marks the latest development in Wachovia’s strategy to expand its commercial insurance group over the past two years. This strategic expansion will bring the projected year-end combined revenues of Wachovia Insurance Services to approximately $150 million.
Wachovia purchased Barry, Evans, Josephs & Snipes in 1999, Davis Baldwin and The Tribus Companies in 2000, and Hamilton Dorsey Alston and the assets of Crawford, Slevin & Hicks in 2001. The company’s growth strategy has extended its presence in markets along the East Coast including Tampa, Atlanta, Northern Virginia, Maryland, New Jersey, New York and Washington, D.C.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Alabama Courthouse Workers Smelled a Rat. Court Must Decide if Insurer Defends Suit 
New AIG CEO Andersen Talks Marketplace ‘Pass-Throughs,’ Opportunity 
Rhine River Shipping Stalls as Water Level Hits Record Low 
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal 
