Brown & Brown, Stahl Announce Acquisitions

Brown & Brown-Michigan Acquires PEBS

Brown & Brown of Central Michigan, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all the assets of Public Employee Benefits Solutions, LLC, (PEBS) of Saginaw, Mich.

Founded in 2003 by Fred D. Todd and Mitchell T. Singer, PEBS, with approximately $2.3 million of annual revenues, provides employee benefits coverage and advice to municipalities, public and quasi-public agencies, and not-for-profit organizations throughout Michigan. The PEBS team will remain based in Saginaw under the leadership of PEBS's current president, Angela L. Garner.

Stahl & Associates Acquires Herndon

St. Petersburg-based Stahl & Associates Insurance, an independent insurance agency with offices in Oldsmar and Lake Mary, has acquired Herndon & Associates Insurance LLC in Lakeland. Terms were not disclosed.

The acquisition expands the company's footprint along the Interstate 4 corridor and is part of an overall strategy to continue growing and maintaining independence within the industry, a company statement said.

Herndon & Associates Insurance will now be known as Stahl Herndon & Associates Insurance. The firm currently employs more than 100 full-time insurance professionals. Its services include commercial insurance and risk management, employee benefits and financial services, and personal insurance.