Brown & Brown Acquires Powers Agency Assets

Daytona Beach, Fla.-based brokerage Brown & Brown Inc. announced the asset acquisition of Powers Agency Inc., based in Clarkston, Mich.
The Powers Agency, with annualized revenues of about $1 million, is a general commercial, personal lines and employee benefits insurance agency which serves a broad spectrum of clients throughout Michigan.

Jim Powers and his staff will continue to serve clients at their current Clarkston location, with Steve Randall, of Brown & Brown’s Flint, Mich., office, acting as profit center manager.

Topics Mergers & Acquisitions