Raleigh, N.C. —
A property/casualty and employee benefits specialist, J. Rolfe Davis provides risk management services for businesses and families throughout the country.
"J. Rolfe Davis is one of the most highly respected insurance agencies in the United States," says Wade Reece, chairman and CEO of BB&T Insurance Services. "Being selected by them as their acquisition partner is a significant honor and a bestowed trust that we do not take lightly.
BB&T acquired Burkey Risk Services of Maitland and Boynton Beach in March. The J. Rolfe Davis transaction is expected to be completed by the end of the month. Terms were not disclosed.
BB&T Insurance Services also operates Florida agencies BB&T-Iler Wall & Shonter of St. Petersburg, BB&T-Wyman, Green & Blalock of Bradenton, and BB&T-Landrum Yaeger of Tallahassee.
With more than 130 employees, J. Rolfe Davis is made up of five divisions: commercial property/casualty, employee benefits, personal lines, financial services, and retirement plans.
"Combining forces with BB&T Insurance allows us to be part of the nation's sixth-largest insurance agency, while continuing to focus our resources on customized business solutions for our clients," says David McKinney, CEO of J. Rolfe Davis. "Our agency has been part of the greater Orlando community for more than 65 years. On behalf of my partners, Don Boone and Bruce Arrow, we look forward to providing our clients the same local support they've always enjoyed backed by the size and support of an industry leader."
Source: PR Newswire
