Brown & Brown Acquires Texas Agency
NU Online News Service, July 1, 11:12 a.m. EDT? Daytona Beach, Fla.-based insurance broker Brown & Brown Inc. announced the acquisition of Bailey-Gosling Associates Inc. of San Antonio, Texas.
Bailey-Gosling is a retail commercial property-casualty insurance agency that has served clients throughout the greater San Antonio area for over 30 years. The agency has annualized revenues of approximately $1.6 million, Brown & Brown said.
The agency will operate as a stand-alone operation. Mike Smith, executive vice president of Bailey-Gosling, is to assume the role of profit center manager reporting to Bill Harrison Jr. at Brown & Brown's existing San Antonio operation, Coleman Company Insurance Services.
No terms for the transaction were announced.
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