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

Mika Pangilinan

Unbiased insurance coverage brokerage Higginbotham has added one other companion 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 group 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 mentioned in a information launch. “With Higginbotham, we’ll have expertise and help to maneuver that ahead, offering the identical providers however on a bigger scale.”

“Entry to markets, scalability, professionalism — and naturally, an awesome model,” Brennan Bourg added. “Higginbotham brings a lot to the desk, and we’re thrilled to be including their title 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 large significance on household — which is how we view our group — and on service to our group,” mentioned Reid. “If you happen to’re wanting round for the same family- and community-oriented enterprise companion, it’s important to be wanting on the Bourg household in South Louisiana.”

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