Brown & Brown Acquires Ladd’s Agency

Insurance broker Brown & Brown has acquired the assets of Ladd’s Agency, an Upstate New York-based insurance agency owned by Alliance Financial Corp.

Ladd’s, with annual revenue of roughly $1.4 million, has been providing insurance products and services in the greater Syracuse area since 1928. It will be merged with Brown & Brown of New York’s office in Syracuse.

J. Scott Penny, head of retail operations for Brown & Brown of New York, said the broker is “excited about the quality of the new employees and clients that will help us continue the growth and success of our Syracuse office.”

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Source: Brown & Brown

Topics Mergers & Acquisitions New York