The deal is about to finish in early Q2 2023. The acquirer’s president, Danny Kaufman, stated that “as we speak’s announcement alerts to {the marketplace} that Burns & Wilcox is pursuing an aggressive acquisition technique.”
“McIntyre has a thriving business enterprise that aligns nicely with our important presence in Louisiana and all through the Southeast,” Kaufman stated. “We look ahead to having Bart and his staff be part of ours, whereas persevering with to increase Burns & Wilcox throughout the area.”
Bart Dugdale, McIntyre president, and his staff of associates will stay with the enterprise after the sale has formally closed. Dugdale will assume the function of affiliate managing director and can report back to Bonnie Steen, vice president and managing director for Burns & Wilcox’s Louisiana and Arkansas divisions.
“A really perfect match”
McIntyre & Associates was based in 1998 by Dugdale’s father-in-law, Invoice McIntyre, and has since unfold its operations throughout the state of Louisiana, with a concentrate on contractors, lessors’ dangers, eating places, particular occasions, and business packages, amongst others.
“Becoming a member of a world group like Burns & Wilcox is a perfect match for our firm,” stated Dugdale. “They’re dedicated to investing the sources to gasoline our development and can give our staff super skilled growth alternatives.
“We have been drawn to the independence of Burns & Wilcox and its household possession.”
Burns & Wilcox has “made it clear that they need our workplace to play a significant function” within the enterprise’s future, in line with Dugdale.
“Our staff is wanting ahead to years of success as being part of Burns & Wilcox,” Dugdale stated.
Shifting dynamics
The deal comes as One180 Intermediaries director of integration Barbara Ingraham has stated that as a consequence of excessive rates of interest and an unsure financial panorama, the “math” behind mergers and acquisitions is most definitely present process a change. Regardless of this, Ingraham informed Insurance coverage Enterprise in a current interview that M&A logic stays intact and are deal sprees are set to proceed.
