Wachovia Corporation of Charlotte, N.C. announced the completion of its acquisition of Cameron M. Harris & Company, a broker specializing in risk management and employee benefits.
Cameron M. Harris has $27 million in revenues, and operates in Charlotte, Raleigh and Columbia, N.C. The transaction marks the latest development in Wachovia’s strategy to expand its commercial insurance group over the past two years. This strategic expansion will bring the projected year-end combined revenues of Wachovia Insurance Services to approximately $150 million.
Wachovia purchased Barry, Evans, Josephs & Snipes in 1999, Davis Baldwin and The Tribus Companies in 2000, and Hamilton Dorsey Alston and the assets of Crawford, Slevin & Hicks in 2001. The company’s growth strategy has extended its presence in markets along the East Coast including Tampa, Atlanta, Northern Virginia, Maryland, New Jersey, New York and Washington, D.C.
Topics Mergers & Acquisitions
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