Brown & Brown of New York Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Purchase, N.Y.-based yourPFO Consulting LLC (yourPFO).
yourPFO represents many large company clients in the design and implementation of life insurance and employee benefits plans, including life, health and ancillary, and has annual revenues of approximately $4.5 million.
The yourPFO team will become part of Brown & Brown’s Westchester, N.Y., profit center, which operates under the leadership of Don McGowan, regional president of Brown & Brown Inc. The addition of the yourPFO operation to the Westchester profit center will bring employee benefits consulting experience and expertise for large employer groups, McGowan said in a company press release.
Brown & Brown Inc., through its subsidiaries, offers a range of insurance products and related services, serving business, public entity, individual, trade and professional association clients nationwide. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration and other services.
Source: Brown & Brown Inc.
Topics Mergers & Acquisitions New York
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