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Leavitt Group acquires majority stake in Santa Barbara, Calif., insurance broker

Leavitt Group Enterprises acquired a majority stake in Santa Barbara, Calif.-based BB&H Benefit Designs, effective Nov. 1, Leavitt Group confirmed Dec. 20.

The Cedar City, Utah-based company bought a 60% ownership stake in BB&H from its majority shareholder, Leavitt Group General Counsel Mike Chidester said.

Leavitt Group acquired BB&H's operations and made no major changes to its staff or office, Chidester said.