Brown & Brown of Massachusetts LLC, a subsidiary of Brown & Brown Inc., said it acquired assets of Richard W. Endlar Insurance Agency Inc. in Dedham, Massachusetts.
Founded in 1975, Richard W. Endlar Insurance Agency specializes in providing property/casualty insurance products to condominium associations and other habitation-related clients in Massachusetts and throughout New England. The firm also offers a broad spectrum of other property/casualty insurance products to its clients in other sectors. It has combined annual revenues of $4.6 million.
Following the transaction, Richard W. Endlar Insurance Agency will continue to operate from its current location in Dedham, Massachusetts, under the leadership of Howard Savitt, the sole shareholder of the agency.
Brown & Brown Inc. is an insurance brokerage firm headquartered in Daytona Beach, Florida. Last month, it reported 2012 first-quarter net income of $49.4 million, up 6.3 percent from one year ago.
Brown & Brown Inc., through its subsidiaries, offers a broad range of insurance and reinsurance products and services. Additionally, Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. The company serves business, public entity, individual, trade and professional association clients nationwide.