Chicago-based insurance brokerage Hub International has acquired Englewood Cliffs, New Jersey-based brokerage Burnham + Company.
Terms of the transaction were not disclosed.
Hub said the B+C operations will become a part of Hub International Northeast Limited, with B+C's owner, Jeff Burnham, reporting to Damian Testa, Hub Northeast's president of New Jersey and Pennsylvania Operations
B+C serves both commercial and personal insurance clients, and has a national specialty in insurance for the elevator industry, according to Hub. Hub said B+C will combine with Hub's existing elevator group, JM Associates, operating as one unit serving the elevator industry.
B+C, founded in 1957 by Ronald Burnham, has approximately $4 million in annual revenues, Hub said.
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