Cameron M. Harris & Company


2002 in Review — Financial Services
 
   
   

"McColl Partners' experience in the financial services sector, as well as its M&A expertise found us the right buyer in Wachovia Insurance Services. Now our customers have access to more comprehensive and diverse products.”

Cameron M. Harris
President
Cameron M. Harris
& Company

“Large commercial banks such as Wachovia are purchasing regional insurance brokers so that they can include insurance services in their product offerings. Because geography is such an important driver of these acquisitions, we leveraged Cameron Harris' strong presence in the Carolinas to attract Wachovia.”

Eric P. Andreozzi
Managing Director
McColl Partners

 

Deal Summary
Cameron M. Harris & Company, a Charlotte-based insurance agency and the leading independent broker in the Carolinas, was acquired by Wachovia Corporation. Managing Director Eric Andreozzi led McColl Partners' execution of this transaction and was supported by Phil Colaco, John Fennebresque, and Ashton Cullum. Wachovia Insurance Services expected the acquisition to boost its 2002 year-end revenue to $150 million, ranking it among the top 15 insurance brokers in the United States.

About Cameron M. Harris & Company
Prior to its sale, Cameron M. Harris & Company was the leading independent insurance broker in the Carolinas and the 58th largest in the United States, focusing on commercial insurance, personal risk management, and employee benefits. The company currently has more than 200 employees.

About McColl Partners
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle market companies. With significant experience working with family-owned businesses, public companies, private equity groups, and divisions of larger companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.

To learn more about our expertise in the financial services industry as well other industries, please call Eric Andreozzi at 704-333-0518. More information about McColl Partners can be found at www.mccollpartners.com.

 
   
 
   
 
      A member of the National Association of Security Dealers, Inc. www.NASD.com
      Copyright © McColl Partners / Contact Us
 
 
SiteWizard ObtainYourName Search Engine Dogs AAA Family Websites web site design custom charlotte