Raleigh, N.C.-based insurance broker BB&T Insurance Services said it has acquired insurance broker Puckett, Scheetz & Hogan of Myrtle Beach, S.C. Financial terms were not disclosed.
Puckett, Scheetz & Hogan is a coastal property insurance specialist providing a full range of risk management services for businesses and families from its offices in Myrtle Beach and Pawleys Island, S.C. The transaction is expected to close in early August.
Wade Reece, chairman and chief executive officer of BB&T Insurance Services, a subsidiary of Winston-Salem, N.C.-based Branch Banking and Trust Company, said the acquisition is in a thriving market area and makes BB&T the number one bank and insurance broker in the region.
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