Integro Insurance Brokers has acquired the assets of Newport Beach, Calif.-based employee benefits specialist Lugo & Associates Insurance Services Inc., it was announced on Thursday.
The acquisition was for an undisclosed sum.
“Mike Lugo and his team are a great fit with our existing benefits business,” Marc Kunney, president of Integro North America, said in a statement. “Lugo & Associates focuses on group health and 401(k) and pension plan clients in the small to medium size markets, a great complement to Integro’s larger company client base. With his vast experience in this market, Mike will lead the small to mid-size group division serving clients with fewer than 250 employees.”
New York, N.Y.-based Integro is primarily on serving organizations with complex risks.