Daytona Beach, Fla.-based insurance broker Brown & Brown Inc. said it has completed its acquisition of ALCOS Inc., headquartered in Sterling Heights, Mich.
ALCOS, with annualized revenues of approximately $18 million, is an insurance broker focused on employee benefits, commercial and personal lines insurance, life insurance, and employee benefits administration.
The company will continue to operate from its existing locations in Sterling Heights and Ann Arbor, Mich., under the ALCOS name as a freestanding Brown & Brown operation.
Brown & Brown announced its intention to acquire ALCOS in early February. No terms were disclosed.
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