Brown & Brown Inc. announced that its subsidiary, The Advocator Group LLC, has acquired substantially all of the equity interests of Social Security Advocates for the Disabled LLC (SSAD) in Norwell, Massachusetts. Terms of the transaction were not disclosed.
Since its founding in 1994, SSAD has provided Social Security disability insurance (SSDI) advocacy services to individual clients on behalf of long-term disability insurance carriers.
SSAD had annual net revenues in 2015 of approximately $10.0 million. SSAD will continue to operate from its Norwell location under the sales leadership of Ann Marie Beaudoin and operational leadership of Megan Reid. The SSAD operations will report to Julie Turpin, chief executive officer of The Advocator Group.
Headquartered in Daytona Beach, Florida, Brown & Brown Inc., through its subsidiaries, offers a broad range of insurance products and related services for business, public entity, individual, trade and professional association clients nationwide. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services.