Daytona Beach, Fla.-based insurance broker Brown & Brown said it has acquired the Dallas-based agencies ProTexn Inc. and Best Practices Insurance Agency Inc. Terms of the deal were not released.
ProTexn and Best Practices Insurance Agency, with combined annualized revenues of approximately $1 million, act as program administrators, managing general agents and brokers for lawyer's and accountant's professional liability insurance primarily in Texas and surrounding states.
Joseph M. Barnard, president of the two agencies, and his current staff will continue to operate from their existing location, as a freestanding Brown & Brown profit center.
Linda S. Downs, executive vice president of Brown & Brown, said the acquisition was a welcomed addition to the firm as it continues to grow its presence in Texas.
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