Brown & Brown Inc. acquired substantially all of the assets of Balcos Insurance Inc. and Mike Howard Insurance Inc. Both companies are in the Seattle area. Financial terms were not disclosed.
Balcos has annual revenue of about $3 million and offers personal and commercial lines of insurance with specialized products and services for the restaurant, hospitality, automotive service and repair, construction, manufacturing and distribution industries.
MHI, which has annual revenue of about $500,000, provides personal, life and commercial insurance products.
Following the deals, Brown & Brown of Washington will operate from two new locations in Ballard and Bellingham, Wash., under the leadership of Mark Balcos, one of the principals of Balcos Insurance.
