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Higginbotham acquires Houston-based Insurance Associates of the Southwest

Fort Worth, Texas-based independent insurance broker Higginbotham & Associates LLC has acquired Houston-based Insurance Associates of the Southwest, the Dallas Business Journal reported.

The terms of the transaction were not disclosed. Higginbotham raised $8 million in debt to finance the acquisition, the news outlet reported, citing Higginbotham CFO Jim Krause.

Insurance Associates of the Southwest is an insurance broker that offers business insurance, personal insurance and financial planning and employee benefits services.