Beecher Carlson, an insurance brokerage and risk management consulting company, announced today that it has acquired Lane & Associates Inc., a commercial property and casualty insurance agency in Atlanta.
According to Atlanta-based Beecher Carlson, the Lane & Associates acquisition complements the property and casualty capabilities of its Atlanta production team and "provides tremendous opportunities for augmented services to Lane's clients by leveraging the national resources, analytical capabilities and technical expertise of Beecher Carlson."
The specific financial terms of the transaction were not disclosed; however, the consideration for the transaction consisted of a combination of cash and Beecher Carlson stock, an announcement said. Lane & Associates personnel will remain with the company and operate from Beecher Carlson's corporate facility in Atlanta, under the Beecher Carlson brand.
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