Brown & Brown Buys Fla.’s Shapiro Insurance

Brown & Brown, Inc. has acquired Shapiro Insurance, Inc., of Tallahassee, Florida.

Shapiro Insurance, with annualized revenues of approximately $3 million, is an insurance intermediary serving Florida, South Alabama and Georgia. The company focuses on employee benefits, as well as commercial and personal lines insurance and employee benefits administration.

Howard Shapiro, president of the agency, and his staff will be merging their operations with those of Brown & Brown’s existing Tallahassee office, under the leadership of John Esposito, according to the companies.

Brown & Brown CFO, Corey Walker said
Source: www.bbinsurance.com.

Topics Mergers & Acquisitions