Mich. Brown & Brown Acquires Alcos

Brown & Brown, Inc. and Alcos, Inc., headquartered in Sterling Heights, Mich., today announced the completion of the previously announced acquisition by Brown & Brown, Inc. of Alcos, Inc.

Alcos, with annualized revenues of approximately $18.0 million is an insurance intermediary company focused on employee benefits, commercial and personal lines insurance, life insurance and employee benefits administration. The company will continue to operate from its existing locations in Sterling Heights and Ann Arbor, Mich., under the Alcos, Inc. name, as freestanding Brown & Brown operations.

Brown & Brown, Inc. and its subsidiaries write and provide insurance and reinsurance products and services, as well as risk management, third party administration, managed health care, and Medicare set-aside services and programs.

Source: Brown & Brown, Inc.

Topics Mergers & Acquisitions Michigan