Daytona Beach, Fla.-based insurance broker Brown & Brown has acquired LDP Consulting Group Inc. of New Jersey. Terms of the deal were not released.
LDP Consulting Group, with annualized revenues of approximately $12.8 million, specializes in employee benefits, primarily in school districts throughout New Jersey.
LDP, with offices in Lambertville, Livingston and Shrewsbury, N.J., will be a freestanding subsidiary of Brown & Brown. Louis E. Della Penna Sr., its chief executive officer; Louis E. Della Penna Jr., senior manager; and their staff will continue to operate from their existing locations.
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