Brown & Brown Inc. announced that its subsidiary Brown & Brown of Pennsylvania LP has acquired certain assets of Liberty Insurance Brokers Inc. and its related affiliate companies in Philadelphia. Terms of the transaction were not disclosed.
Founded in 1996, Liberty Insurance Brokers and its affiliate companies provide commercial and personal lines insurance for the multi-family residential industry primarily in Pennsylvania and New Jersey. Liberty Insurance Brokers and its affiliates report annual revenues of approximately $4 million.
As part of the transaction, Liberty Insurance Brokers’ President and Founder Scott Engel and his team will combine with Brown & Brown of Pennsylvania’s existing Plymouth Meeting, Pennsylvania, location under the leadership of Rob Heller.
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.
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