Brown & Brown Buys Some Business from Pennsylvania’s Greystone

Insurance broker Brown & Brown has acquired part of the business of Berwyn, Pa.-based Greystone Benefits, Inc.

The company said that the acquired book of business, with annual revenues of approximately $1.2 million, consists primarily of employee benefits products and services offered throughout eastern Pennsylvania and the greater Philadelphia area. The accounts were serviced by Daniel C. McCormick, a principal in the Pennsylvania firm, who will relocate with his team to Brown & Brown’s existing operation in Plymouth Meeting, under the leadership of Rob Heller.

Greystone Benefits will continue doing business under the direction of Joseph Vogt.

Topics Mergers & Acquisitions Pennsylvania