Hub International, a Chicago-based insurance brokerage firm, has acquired the assets of Burnham + Company, a New Jersey-based brokerage firm.
Following this transaction, the B+C operations will become a part of Hub International Northeast.
Jeff Burnham, owner of the B+C, will report to Damian Testa, Hub Northeast’s president of New Jersey and Pennsylvania operations.
B+C vice president Bruce Rector will report to Hub International Northeast vice president John Tateossian.
According to the HUB International, B+C will combine with its existing elevator group, JM Associates, and will operate as one unit in serving the elevator industry.
B+C, founded in 1957, serves both commercial and personal insurance clients. In 1972, B+C developed a national specialty in insurance for the elevator industry and, ever since, has been serving elevator clients directly and through their brokers on all lines of business.
Hub Northeast president Damian Testa said, by combining B+C capabilities with the existing offerings through JM Associates division, Hub will be able to offer the B+C and Hub clients the best value, coverage and service options available in the market.