Georgia’s Britt/ Paulk Insurance to Acquire Fla. Marine Agency

November 21, 2007

Britt / Paulk Insurance Agency, Inc., a privately-held program administrator in Carrollton, Ga., has agreed to acquire Mitchell, York & Cooper, LLC, a Florida-based marine Insurance broker. Financial details of the transaction were not disclosed.

Mitchell, York & Cooper was founded in 1988 and provides marine insurance products for marinas, ship yards, marine contractors, cargo, boat dealers, and U.S. longshore and harbor workers through independent agents.

John Paulk, president of Britt / Paulk, said the acquisition provides his firm with its first entrée into the marine products market and could be one of several acqusitions to come.

“As a company, this is our first acquisition, but, it will certainly not be our last. We intend to continue looking for additional growth opportunities through acquisitions that will fit well with our corporate culture and our long term strategy,” he added.

Britt / Paulk underwrites Builder’s Risk, Equipment, Poultry/Swine Confinement, Self Storage, Aviation, Ocean Marine Cargo, Forestry Products, Equipment Breakdown, and Worker’s Compensation. All programs are admitted with A ratings or better. Coverage is provided in all 50 states.

Source: Britt / Paulk

Topics Mergers Georgia

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