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Higginbotham, one of the largest independent insurance, financial and HR services firms in the country, has acquired Bourg Insurance, a long-term family business with deep ties to the South Louisiana community.
Bourg Insurance is managed by Brad Bourg, who as president runs the business alongside his brother Brennan Bourg, brother-in-law Chuck Leblanc, and a third brother Bert Bourg, who will be “a well-earned retirement,” according to a press release.
“At Higginbotham, we place tremendous importance on family — which is how we view our team — and on service to our community," said Rusty Reid, chairman and CEO of Higginbotham. “If you're looking around for a similar family- and community-oriented business partner, you have to be looking at the Bourg family in South Louisiana."
For Higginbotham, the partnership with Bourg Insurance fortifies its existing footprint within Louisiana and provides significant opportunity for continued growth, the company said.
The Bourg brothers said they are looking forward to the opportunities the collaboration with Higginbotham will provide to clients, as well as to its team, which will be eligible to take part in a top-tier employee ownership plan.
Bourg Insurance was founded in 1958 by Claude “Toby” Bourg Jr., the Bourgs’ father. Its flagship office is still in the family’s hometown, Donaldson, Louisiana.
“It’s a matter of real pride to us that so many of our clients come from word of mouth because they know who we are,” said Brad Bourg. “We've been a small business for years. With Higginbotham, we'll have technology and support to move that forward, providing the same services but on a larger scale."
“Our company has deep ties in this area, being here as long as we have. With this alliance, Higginbotham gets a nice footprint throughout South Louisiana.”
“And they get us,” said Leblanc, who serves as vice president while running the commercial lines department and managing the Donaldson office. “We're not retiring! Quite the opposite. We're looking forward to the future with Higginbotham, serving our clients just as this business has for the past 65 years.”