Insurance Brokerage Barney & Barney Completes Merger with Saylor & Hill

Barney & Barney LLC, a San Diego-based insurance brokerage, has closed its merger with Saylor & Hill Co., an Oakland, Calif.-based brokerage. The combined companies will work together to provide insurance, risk management and employee benefits solutions.

“Our merger with Saylor & Hill gives our clients the benefits of a larger broker while still maintaining the customer care of a private broker,” said Paul Hering, CEO and managing principal of Barney & Barney.

While Barney & Barney and Saylor & Hill each retain their individual names, office locations, staffing and management, the combined entity is now referred to as B&B Co. The combined company has offices in San Diego, Orange County and Oakland, and employs more than 300 associates.

B&B Co. oversees more than 20,000 client accounts generating $62 million in annual revenue and representing more than $1 billion in annual premiums.

“We are not only gaining the advantages that come with geographic expansion, as both firms also are benefiting from each other’s resources and experience,” said Michael Mirsky, principal and managing director of Saylor & Hill.

Hering is now CEO and managing principal of the combined organization and is based in San Diego. Mirsky is a principal in the firm and managing director of the Bay Area office.

Source: B&B

Topics Mergers & Acquisitions Agencies