Brown & Brown Acquires C.F. Lake
NU Online News Service, Dec. 20, 10:55 a.m. EST?Brown & Brown Inc. said it has acquired C.F. Lake & Company of Minneapolis, Minn.[@@]
Terms of the deal were not released.
The Daytona Beach, Fla.-based insurance broker said C. F. Lake is a retail property-casualty insurance agency with annualized revenues of approximately $2.6 million. The agency serves the insurance needs of a wide variety of individual and commercial clients.
Cliff Lake, president of C.F. Lake, will continue his present duties and responsibilities for this new Brown & Brown Twin Cities operation as division executive vice president. The agency's current staff will continue to serve customers from their current location.
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