Brown & Brown Inc. announced that its New Jersey-based subsidiary Brown & Brown Metro Inc. has acquired certain assets of Global Benefit Strategies in Morristown, New Jersey. Terms of the transaction were not disclosed.
Global Benefit Strategies was founded by Doug Pridgen and specializes in providing employee benefits insurance products and services. The firm has annual revenues of approximately $1.1 million. As part of the transaction, Pridgen and his team will join Brown & Brown Metro’s existing Florham Park, New Jersey location under the leadership of Ty Beba, executive vice president of Brown & Brown Metro.
Brown & Brown Metro said this acquisition would enable the firm to continue to grow its retail presence in New Jersey and throughout the Northeast.
Florida-based national insurance broker Brown & Brown Inc., through its subsidiaries, offers insurance and reinsurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration and other services. Brown & Brown serves business, public entity, individual, trade and professional association clients nationwide.
Topics Mergers & Acquisitions New Jersey
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