Brown & Brown Inc. announced today that its subsidiary Brown & Brown of New York Inc. has acquired certain assets of Spain Agency Inc., an independent agency based in Mahopac, New York. Terms of the transaction were not disclosed.
Founded by the Spain family in 1922, the agency provides a range of commercial and personal lines insurance, primarily in New York, and has a focus on the insurance needs of municipalities. It has annual revenues of approximately $6.5 million.
As part of the transaction, Michael Spain, Brian Miles and their team will continue to operate out of Spain Agency’s existing office in Mahopac.
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 York
Was this article valuable?
Here are more articles you may enjoy.
AIG Executive Chair and Former CEO Zaffino Set to Exit for Palantir 
Judge Says Smucker’s Lawsuit Against Trader Joe’s Over Frozen PB&J Can Proceed 
Nuclear Verdicts Go Boom, Increase 40.7% in 2025 
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
