Insurance broker Brown & Brown says it has completed its$336.5 million transaction to acquire insurance broker BeecherCarlson.

In May, Daytona Beach, Fla.-based Brown & Brown, whichtraditionally acquires much smaller firms in the range of $8million, said it was making what amounts to the largest acquisition transaction so far this year. The move, its CEO J.Powell Brown says, did not signal a change in company strategy, butwas an opportunity the firm did not want to pass-up.

Beecher Carlson, which produced $105 million in revenue lastyear, is comprised primarily of three businesses: large account,OnPoint and agency.

The large account business, which makes up 65 percent of itsrevenues, delivers P&C brokerage and risk management servicesto Fortune 2000 businesses. OnPoint, making up 10 percent of thebusiness, is an MGA to niche P&C insurance programs primarilyunderwriting Tribal and construction related risks. The Tribalbusiness concentrates on insuring Tribal casinos. Finally, agency,making up the remaining 25 percent of revenues, provides P&C,employee benefits products and services to middle market andindividual personal lines clients.

Related to the acquisition, the firm says it named P. BarrettBrown and Steve Denton Regional Vice Presidents.

Brown will oversee the firm's retail offices in Brooksville,Pinellas, Orlando and Tampa, Fla. His added responsibilites includethe oversight of the Beecher Carlson large accounts team, reportingto Chief Operating Officer and Regional President Linda S.Downs,

In addition to his duties as Regional Vice President, Denton isCEO of Beecher Carlson, where he served as president prior to theacquisition. He will be responsible for its large accounts team'soperations and will continue to focus on client services and growthinitiatives, reporting to Barrett Brown.