B&B Acquires Calif. Agency
NU Online News Service, July 28, 3:17 p.m. EDT?Daytona Beach, Fla.-based Brown & Brown announced the acquisition of The Hoffman Co. of Gardena, Calif., by a California subsidiary of Brown & Brown.
The transaction is effective Aug.1. Terms of the transaction were not released.
The Hoffman Co., with annualized revenues of approximately $1.4 million, is an agency that specializes in group health insurance programs. The company serves a broad spectrum of businesses throughout the greater Los Angeles area and the state of California.
Hugh Hoffman and his staff will be combining their operations with Brown & Brown's existing Orange County, Calif., retail office at a new Orange County location, the firm said.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.