Brown & Brown Inc. announced today that its subsidiary Brown & Brown of Massachusetts LLC has acquired certain assets of Strategic Benefit Advisors Inc., a health and welfare benefit advisory and brokerage firm in Southborough, Massachusetts. Terms of the transaction were not disclosed.
Founded in 2002 by Mark Abate and Michael Deneen, Strategic Benefit Advisors provides health and welfare benefit advisory and brokerage services to organizations with large employee populations. Strategic Benefit Advisors will continue to operate out of its existing headquarters located in Southborough under the leadership of Abate and Deneen. The firm has annual revenues of approximately $11.5 million.
Headquartered in Daytona Beach and Tampa, Florida, Brown & Brown Inc., through its subsidiaries, offers a broad range of insurance products and related services for business, public entity, individual, trade and professional association clients nationwide. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services.
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