NU Online News Service, Dec. 28, 11:54 a.m. EDT
Daytona Beach, Fla.–based insurance broker Brown & Brown, Inc., said it has acquired Comcover Insurance Group, Inc., of Dania, Fla.
Financial terms of the transaction were not released. The closing of the transaction is subject to customary conditions and is expected to be completed by early January, Brown & Brown said.
With annualized revenues of approximately $1.6 million, Comcover has provided property and casualty and risk management products and services to business owners since 2003. The firm specializes in products and services tailored to clients in the wholesale, distribution, manufacturing, lumber and building materials, transportation, and commercial property ownership and development industries, among others
After the closing, Anthony L. Johnson, the president of Comcover, and his staff will join Brown & Brown of Florida's existing Fort Lauderdale and Miami Lakes, Fla., offices under the leadership of Michael Keeby and Colin Lowe, respectively.
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