Nashville, Tenn.-based Pinnacle Financial Partners Inc.announced today its acquisition of Murfreesboro, Tenn.-based Beach& Gentry Insurance LLC. Terms of the deal were notreleased.
|Pinnacle said Beach & Gentry has 18 associates and 4,000clients. Beach & Gentry was founded in 1972.
|Beach & Gentry will merge immediately with Miller &Loughry Insurance & Services Inc., a wholly-owned subsidiary ofPinnacle Financial Partners, also located in Murfreesboro.
|Miller & Loughry, the oldest independent insurance agency inMurfreesboro, was founded in 1949 and has 22 associates and 6,300clients. The combined company will take the name Miller LoughryBeach and will consolidate offices.
|Ken Halliburton was named managing principal of Miller LoughryBeach. Beach & Gentry principal Clay Beach and Eddie Miller ofMiller & Loughry will have leadership roles. All insuranceadvisors will remain with the combined company.
|Founded in 2000, Pinnacle Financial Partners, with $3.9 billionin assets, provides a range of banking, investment, mortgage andinsurance products and services.
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