Brown and Brown Acquires NY’s Sestito Agency

The New York subsidiary of national insurance intermediary Brown & Brown announced that it has acquired the business of Virgil N. Sestito, a sole proprietor doing business as Sestito Insurance Agency, of Rome, New York, effective January 1, 2002.

Sestito, with annual revenue approximating $200,000, is a commercial and personal lines insurance agency serving the Rome, New York area. The operations of Sestito Insurance Agency will be combined with Brown & Brown’s existing Rome, New York office, and Virgil Sestito and his staff will be joining Brown & Brown, said the announcement.

Tom Riley, Regional Executive Vice President of Brown & Brown for Northeastern operations, stated that, “We feel fortunate to have Virgil and his staff join our growing New York team. We look forward to his involvement as our Northeastern operations continue to expand.”|”brown, brown, acquires, ny’s, sestito, agency

Topics Mergers & Acquisitions New York