Brown & Brown Acquires C.F. Lake Co.

Brown & Brown Inc. of Daytona Beach and Tampa, Fla. has announced it has acquired C.F. Lake Limited doing business as C.F. Lake & Company of Minneapolis, Minn.

C. F. Lake & Company is a retail property and casualty insurance agency with annualized revenues of approximately $2.6 million. The agency serves the insurance needs of a wide variety of individual and commercial clients. Clifford F. Lake Jr. will continue his duties as president for the Brown & Brown Twin Cities operation. All of the agency’s current staff will continue to fulfill their client service responsibilities from their present location.

“We are quite pleased to have Cliff and his team of insurance professionals join us,” J. Scott Penny, Brown & Brown’s regional executive vice president responsible for operations in the Midwestern United States, said. “They represent our initial entry into the Twin Cities area and we are excited at the prospects offered by our association with them in this important market.”

Brown & Brown Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third-party administration, and managed health care programs.

Topics Mergers & Acquisitions