Beecher Carlson Acquires Cramer & Giles Insurance

Atlanta-based Beecher Carlson, an insurance brokerage and risk management consulting firmhas acquired Eugene, Ore.-based Cramer & Giles Insurance Inc., and merged it with its Portland operation, JBL&K Risk Services. The transaction accelerates Beecher Carlson’s growth plan to expand its presence significantly in the Pacific Northwest region. The acquisition complements the property and casualty capabilities of Beecher Carlson and provides opportunities for augmented services to Cramer & Giles’ clients by leveraging the company’s national resources, analytical capabilities and technical expertise.

The financial terms of the transaction were not disclosed; however the consideration for the transaction consisted of a combination of cash and Beecher Carlson stock. Beecher Carlson operates as JBL&K Risk Services in the Pacific Northwest, following its merger with the company in May 2005. The agency will continue to conduct business as Cramer & Giles.

Cramer & Giles is an independent agency focused on providing commercial property and casualty insurance brokerage services from its locations in Eugene and Medford, Ore. The company is led by Ron Cramer, CEO and Mike Godfrey, president, both of whom will retain production and management positions in the Eugene office.

Cramer & Giles employs 24 individuals across its two offices. The Eugene office will remain in operation and the Medford office will be combined with JBL&K’s existing Medford facility. Dan Romain, president of JBL&K, will assume responsibilities for integration and ongoing operations of Cramer & Giles.

“Our decision to partner with Cramer & Giles is consistent with our vision to aggressively expand our presence in the Pacific Northwest region”, said Tom Golub, president and CEO at Beecher Carlson.

For more information, call (800) 657-0243 or visit www.beechercarlson.com.

Topics Mergers & Acquisitions