Nashville, Tenn.-based Pinnacle Financial Partners Inc. announced today its acquisition of Murfreesboro, Tenn.-based Beach & Gentry Insurance LLC. Terms of the deal were not released.
Pinnacle said Beach & Gentry has 18 associates and 4,000 clients. Beach & Gentry was founded in 1972.
Beach & Gentry will merge immediately with Miller & Loughry Insurance & Services Inc., a wholly-owned subsidiary of Pinnacle Financial Partners, also located in Murfreesboro.
Miller & Loughry, the oldest independent insurance agency in Murfreesboro, was founded in 1949 and has 22 associates and 6,300 clients. The combined company will take the name Miller Loughry Beach and will consolidate offices.
Ken Halliburton was named managing principal of Miller Loughry Beach. Beach & Gentry principal Clay Beach and Eddie Miller of Miller & Loughry will have leadership roles. All insurance advisors will remain with the combined company.
Founded in 2000, Pinnacle Financial Partners, with $3.9 billion in assets, provides a range of banking, investment, mortgage and insurance products and services.
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