Donald D. Fey, president of Calco Insurance Brokers & Agents, Inc., announced Calco was bought by its management, producers and by Distribution Partners Investment Capital, L.P., a private investment fund managed by Hales & Company, Inc.
Calco, a California-based regional insurance brokerage, is the 42nd largest insurance brokerage firm in the nation, with projected 2001 revenue of $23.1 million on premium volume of $310 million, 130 employees and five offices located throughout California.
Calco specializes in core California industries, and partners with associations including the American Electronics Association (AEA); California Manufacturers & Technology Association (CMTA); California Metal Trades Association; Employers Group and the Association of Independent California Colleges and Universities (AICCU).
According to Fey, Calco’s management, insurance services account teams and risk management professionals remain in place.
Topics California Agencies
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