McClone Acquires Burkart-Heisdorf Insurance Agency
MENASHA, Wis., Feb. 1, 2013 /PRNewswire-USNewswire/ -- Two of Wisconsin's most-respected independent insurance agencies have joined forces with the acquisition of Burkart-Heisdorf Insurance Agency Inc. by McClone. The acquisition was completed December 31, 2012.
McClone, founded in 1949, is a third-generation family company that helps companies and individuals drive down their risk. With office locations in the Fox Valley, Oshkosh, Fond du Lac, and Milwaukee markets in Wisconsin, McClone has more than 70 employees. McClone's core purpose is "to make a difference in the communities we serve."
Burkart-Heisdorf, founded in 1916, has a main office in Sheboygan as well as locations in Mount Horeb and Green Lake, Wisconsin. The full lines insurance agency employs over 40 in its three locations.
The agencies' cultural similarities made the acquisition a natural fit, according to Mike McClone, CEO of McClone. "When we started looking at the synergy between our organizations, the similarities were uncanny. If you look at the organizations' values and guiding principles, it is easy to see how this deal could be described as a 'perfect fit.'"
Andrew Burkart, president of Burkart-Heisdorf, commented: "We saw the opportunity to be acquired by McClone as a real win for both organizations. We have shared many product markets while having very little geographic overlap. But more important, the overall vision and alignment of helping our mutual customers with the finest in professional and ethically-guided risk-management services was paramount in making this deal work."
McClone added: "This is a strategic acquisition that will allow our customers and combined organizations access to expanded carrier relationships, special market focus programs and, most important, the resources of a very talented group of people."
Burkart-Heisdorf Insurance will continue to operate under its current name and locations. Its agency ownership group and employees all are continuing as employees of the newly combined organization.