Wholesale broker Crump will nearly double in size and enter into territory it only dreamed of a short while ago with the completion of its deal to acquire the wholesale brokerage operations of BISYS Commercial Insurance Services.
J.C. Flowers & Co. LLC, the private-equity firm that purchased Dallas-based Crump from insurance broker Marsh in 2005, said yesterday it has completed the deal, bringing the wholesale insurance unit of BISYS into the firm.
As part of the deal Crump acquired the life, commercial and retirement services divisions of the former Roseland, N.J.-based BISYS Group Inc.
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