The acquisition of substantially all of the assets related to the commercial business, including program and wholesale brokerage business of the Orlando, Fla. operations of Braishfield Assoc. Inc. has been acquired by Brown & Brown Inc. The acquisition was announced jointly by Thomas E. Riley, Brown & Brown Inc. regional executive vice president and James J. McCahill, Braishfield president.
The purchased assets of Braishfield’s Orlando enterprise have annualized revenues of approximately $5 million and operate principally as a wholesale broker for insurance programs serving a broad array of commercial clients. The existing Orlando management and staff will become a new freestanding Brown & Brown profit center, operating under the Braishfield name.
“We feel fortunate to have this fine group join our growing Programs Division,” Riley, who directs Brown & Brown operations in several states, said. “We look forward to their contributions as we continue to grow our organization.”
Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third-party administration, and managed health care programs. It provides service to business, public entity, individual, trade and professional association clients nationwide.
Topics Mergers & Acquisitions
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