Britt / Paulk Insurance Agency, Inc., a privately held program administrator in Carrollton, Georgia, , has announced plans for growth through acquisition.
Britt / Paulk has engaged LMC Capital LLC, an insurance investment banking firm, to seek appropriate acquisition targets including managing general agencies and wholesalers with premiums ranging between $10 and $30 million. Regions Bank will advise the company with regard to financing options that will enable sellers to receive cash.
Britt/Paulk underwrites four main areas of inland marine insurance: Builder’s Risk, Poultry/Swine Confinement, Equipment for Agriculture, Forestry, Construction, and Marine Cargo. These programs are underwritten by admitted U.S. insurers with A ratings or better. Coverage is provided in 49 of 50 states with the exception of Hawaii.
Source: Britt/Paulk
www.BrittPaulk.com
LMC Capital LLC
www.LMCCapital.com.
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