Higginbotham swoops for Louisiana company

Higginbotham swoops for Louisiana company | Insurance coverage Enterprise America

Transfer expands its present presence within the state

Higginbotham swoops for Louisiana agency

Mergers & Acquisitions

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 based mostly in Donaldsonville, Louisiana. It was established by Claude ‘Toby’ Bourg, Jr. in 1958 and is presently being led by his son Brad Bourg as president.

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

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

“Entry to markets, scalability, professionalism — and naturally, a fantastic 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 group within the agency’s decision-making course of.

“At Higginbotham, we place great significance on household — which is how we view our group — and on service to our group,” mentioned Reid. “When you’re wanting round for the same family- and community-oriented enterprise accomplice, you need to be wanting on the Bourg household in South Louisiana.”

What are your ideas on this story? Be at liberty to remark beneath.

Associated Tales

Leave a Reply

Your email address will not be published. Required fields are marked *