The South Financial Group Inc. announced it acquired Gardner Associates Inc., an independent insurance agency based in Columbia, S. C., effective September 20, 2002. Terms of the transaction were not disclosed.
Gardner Associates provides general commercial insurance services and surety bonds to construction, light manufacturing and other commercial businesses in the Carolinas. Founded in 1988, it has offices in Columbia, S. C. and Charlotte, N. C.
Gardner Associates will retain its identity and will continue to operate in two locations under the leadership of its founder and president, Barr H. Gardner III. Gardner will continue to serve as president of this entity following the acquisition.
The South Financial Group is headquartered in Greenville, S. C.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage 
Winter Storm Fern to Cause Up to $6.7B in Insured Losses 
Maine Plane Crash Victims Worked for Luxury Travel Startup Led by Texas Lawyer 
Chubb Posts Record Q4 and Full Year P/C Underwriting Income, Combined Ratio 
