Brown & Brown Acquires Assets of Gaston & Associates in New York

Brown & Brown of New York Inc., a subsidiary of Brown & Brown Inc., said it acquired certain assets of Gaston & Associates Inc. in Mount Kisco, N.Y. Terms were not disclosed.

With origins dating back to 1895, Gaston & Associates offers property/casualty and employee benefits insurance products and services to clients in New York and throughout the Northeast. The firm, through its InsureHedge division, has specialized in the private fund space since 1992. The firm has annual revenues of approximately $2.4 million.

As part of the transaction, Fred Gaston and his team will operate from Brown & Brown of New York’s existing Rye Brook, N.Y., location under the leadership of Markham F. Rollins, III.

Brown & Brown Inc., through its subsidiaries, offers a broad range of insurance and reinsurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. The company serves business, public entity, individual, trade and professional association clients nationwide.

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Topics Mergers & Acquisitions New York