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Tuesday, December 24, 2024

Higginbotham swoops for Louisiana company




Higginbotham swoops for Louisiana company | Insurance coverage Enterprise America















Transfer expands its current presence within the state

Higginbotham swoops for Louisiana agency


Mergers & Acquisitions

By
Mika Pangilinan

Unbiased insurance coverage brokerage Higginbotham has added one other accomplice company to its roster, swooping for Bourg Insurance coverage in South Louisiana.

Bourg Insurance coverage is a family-run enterprise primarily based in Donaldsonville, Louisiana. It was established by Claude ‘Toby’ Bourg, Jr. in 1958 and is at the moment being led by his son Brad Bourg as president.

The company’s management staff additionally consists of Brad’s brother Brennan, who serves as vp, and brother-in-law Chuck Leblanc, who works as vp along with operating the industrial traces division and managing the Donaldsonville workplace.

“We have been a small enterprise for years,” Brad Bourg stated in a information launch. “With Higginbotham, we’ll have know-how and assist to maneuver that ahead, offering the identical companies however on a bigger scale.”

“Entry to markets, scalability, professionalism — and naturally, an ideal model,” Brennan Bourg added. “Higginbotham brings a lot to the desk, and we’re thrilled to be including their identify alongside ours.”

Commenting on the deal, Higginbotham chairman and CEO Rusty Reid emphasised the importance of household and neighborhood within the agency’s decision-making course of.

“At Higginbotham, we place large significance on household — which is how we view our staff — and on service to our neighborhood,” stated Reid. “If you happen to’re trying round for the same family- and community-oriented enterprise accomplice, you need to be trying on the Bourg household in South Louisiana.”

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