Brown & Brown Buys N.J.’s LDP Consulting

Florida-based insurance agency Brown & Brown has acquired LDP Consulting group, Inc., of New Jersey.

LDP Consulting Group, with annualized revenues of approximately $12.8 million, specializes in selling employee benefits, with a target market of school districts throughout the Garden State.

LDP Consulting Group with offices in Lambertville, Livingston and Shrewsbury, N.J., will be a new freestanding Brown & Brown subsidiary, with Louis E. Della Penna, Sr., Louis E. Della Penna, Jr., and their staff continuing to operate from their existing locations.

The acquisition ws announced by Thomas E. Riley, regional president of Brown & Brown, Inc., who is responsible for operations that include certain Northeastern U.S. locations.

Source: Brown & Brown, Inc.
www.bbinsurance.com

Topics Mergers & Acquisitions