E M Schumann Risk Services will consolidate its operations with US-based Pinnacle Brokers Insurance Solutions, to boost its product and service capabilities in the region.
Following completion of merger, Ed Schumann will become part of the Pinnacle ownership and management team.
Pinnacle CEO Carl Canaparo said that addition of Ed Schumann will speed up its focus to grow into a strong and responsive customer focused sales and service brokerage organization.
"It should also be noted the with this transaction Pinnacle Brokers moves into the top 20 of East Bay insurance brokers with over $30,000,000 of premium placed," Canaparo added.
Under terms of the agreement, the acquired entity will be accountable for leading Pinnacles acquisition and association marketing strategy in Northern California.
Pinnacle manages offices in Northern and Southern California and caters specialized risk management and insurance service to clients in healthcare, real estate, transportation, construction, technology and manufacturing.