Brown & Brown Lone Star Insurance Services Inc., a subsidiary of Brown & Brown Inc., has acquired Brookstone Insurance Group LLC, Brown & Brown said in a statement on Wednesday.
The terms of the transaction were not disclosed.
19659002] Brookstone Insurance Group provides commercial and personal insurance in the greater Dallas-Fort Worth area, the statement said. The broker has about 35 employees in six locations, according to information on its website.
Brookstone employees will join the Brown & Brown operations in Dallas-Fort Worth and Texas and will continue to operate from existing offices under the leadership of Lauren Allen. and the regional leadership of Tommy Huval, regional director of Brown & Brown Retail, said the statement.
Brown & Brown, based in Daytona Beach, Florida, is the sixth largest broker ranked by revenue from US clients, according to Business Insurance latest ranking.