Texas-based insurance broker Bowen, Miclette & Britt Inc. has expanded into the Florida market though the acquisition of Huckleberry Sibley & Harvey Insurance & Bonds.
The acquired agency, HSH, has a client base in personal lines and commercial lines with offices in Maitland, Cocoa, West Palm Beach, Santa Rosa Beach and Sarasota. Included in the transaction is Merrimac Marine Insurance LLC, an affiliated broker serving the specialized marine industry on a national basis.
The expansion to the nation’s fourth-most-populous state supplements BMB’s existing presence in its home state of Texas and in Louisiana, where it expanded in 2006.
BMB reports generating $40 million in revenue serving U.S. and global commercial lines clients. Edward G. Britt, Jr. is president and CEO of BMB.
Terms of the transaction were not disclosed.
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