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Trustmark National Bank Sells Insurance Subsidiary to Marsh & McLennan Agency

Trustmark National Bank Sells Insurance Subsidiary to Marsh & McLennan Agency

by Phil Hall | Apr 24, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Jackson, Mississippi-headquartered Trustmark National Bank announced the sale of its subsidiary Fisher Brown Bottrell Insurance Inc. (FBBInsurance) to Marsh & McLennan Agency LLC for $345 million in cash. In connection with the sale, current leadership and...
Investment Firm Acquires Kinexx Modular Construction

Investment Firm Acquires Kinexx Modular Construction

by Phil Hall | Apr 23, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The investment firm LaPhair Capital Partners announced its acquisition of Kinexx Modular Construction, a provider of modular building solutions. Kinexx will operate as a subsidiary of LaPhair Capital Partners, with Scott Upshaw as its new CEO. LaPhair plans to bolster...
Arthur J. Gallagher & Co. Acquires Louisiana Insurance Brokerage

Arthur J. Gallagher & Co. Acquires Louisiana Insurance Brokerage

by Phil Hall | Apr 18, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage and risk management services firm, has acquired Metairie, Louisiana-based Fontenelle & Goodreau Insurance LLC, a provider of commercial property/casualty coverages specializing in large...
Bascom Group Acquires Las Vegas-Area Senior Housing Complex for $3 Million

Bascom Group Acquires Las Vegas-Area Senior Housing Complex for $3 Million

by Phil Hall | Apr 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Bascom Group LLC, an Irvine, California-headquartered private equity firm, has acquired the Nevada-based senior housing complex Homestead at Boulder City for $3.05 million. The 72-unit Homestead was built in 1999 and is located on 6.39 acres in Boulder City,...
CMG Financial Acquires Norcom Mortgage’s Retail Assets

CMG Financial Acquires Norcom Mortgage’s Retail Assets

by Phil Hall | Apr 12, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

CMG Financial, a mortgage banking firm headquartered in San Ramon, California, announced its retail acquisition of Norcom Mortgage of Hartford, Connecticut. The financial terms of the acquisition were not disclosed. The integration of Norcom Mortgage marks CMG’s...
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