NU Online News Service, April 20, 9:42 a.m.EDT
|Daytona, Fla.-based insurance broker Brown & Brown says itssubsidiary, Brown & Brown of Pennsylvania, Inc., has acquiredMoten Associates of Norristown, Penn.
|Terms of the transaction were not released.
|With origins dating back to 1970, Moten Associates offers suretybonds, as well as a wide variety of property and casualty insuranceproducts, to clients throughout the Delaware Valley and the easternUnited States. The company has combined annual revenues ofapproximately $1.1 million.
|James “Jim” D. Toennies and Janet A. Toennies, the principals,and their staff will join Brown & Brown of Pennsylvania officesin Plymouth Meeting, Penn., under the leadership of Robert D. “Rob”Heller.
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