Farmington Hills, Mich.-based , a managing general agent/insurance wholesaler, has completed a transaction with Cambridge General Agency and has assumed its book of insurance business. In addition, Burns & Wilcox hired a number of Cambridge’s employees.
“This transaction strengthens our position in the West Coast marketplace,” said Alan Jay Kaufman, chairman, president, and CEO of Burns & Wilcox. “During these challenging times, we are pleased to have the infrastructure and solid resources to continue on our growth path organically and through strategic acquisitions.”
Cambridge, founded in 1966, was privately held with 50 employees in five offices throughout California according to Spoke, a web-based business data service. Burns & Wilcox continues to increase its presence in California with offices in San Francisco, Fresno, Modesto, Sacramento, Los Angeles and San Diego.
The H.W. Kaufman Financial Group is the privately held parent company of Burns & Wilcox, which has 37 offices in 24 states.
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