AmWINS Group, Inc. says it will acquire Gresham &Associates, Inc. in a deal that is expected to close by the end ofthe year.
|Financial terms of the transaction were not released, says anAmWINS spokesman.
|Established in 1979 by Jim Gresham, Gresham placed $340 millionin premium last year. The firm currently has nine offices primarilyin the South, with three offices in Florida.
|AmWins says that once the acquisition is complete, the combinedfirm will place more than $7.5 billion in annual premiums and behome to nearly 2,800 employees in 90 offices across 18countries.
|In conjunction with the acquisition, Tony Gresham, currentpresident of Gresham & Associates, will assume the additionalrole of chief executive officer of Gresham & Associates withresponsibility for all sales and business operations. Jim Greshamwill continue as chairman of Gresham & Associates.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
