Brown & Brown Inc. announced that its wholesale brokerage division, Hull & Company, has acquired certain assets of RF Ougheltree & Associates LLC in Lyndhurst, New Jersey. Terms of the transaction were not disclosed.
RF Ougheltree & Associates was founded in 2000 by Bob Ougheltree as a specialty intermediary focused solely on executive and professional liability insurance for public and privately held companies. The firm has annual revenues of approximately $1.0 million.
Following the transaction, Bob Ougheltree and members of the RF Ougheltree team will continue to serve their clients and carrier partners as part of Hull & Company’s operations in New Jersey, Brown & Brown said in the announcement.
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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