Brown & Brown, Inc. has agreed to acquire a Long Island-based insurance agency, Irving Weber and Associates.
The deal is expected to close in late May.
With annualized revenues of approximately $4 million, Irving Weber specializes in insurance programs for the fabricare industry, which is comprised of drycleaners, linen supply, uniform rental and commercial laundry operations. Irving Weber also offers programs for other industries and has retail insurance agency operations.
After the closing, Adam Weber, president, and his staff will continue to operate in the Long Island location in Ronkonkoma, New York, and will continue to operate under the Irving Weber Associates name.
Florida-based Brown & Brown, Inc. is one of the largest independent insurance agencies in the United States.