J. Scott Penny, regional executive vice president of Florida-based Brown & Brown Inc., and Gregory P. DiMartino, president of DiMartino Associates Inc. of Seattle, announced the acquisition of the insurance agency and brokerage business-related assets of DiMartino Associates Inc. by Brown & Brown of Washington Inc., a subsidiary of Brown & Brown, Inc.
Founded in 1990, DiMartino Associates has annual revenues of approximately $4.3 million and offers employee benefit solutions, including plan design and selection, marketing, employee and plan participant communications, and compliance support services to a variety of individual, business, association and governmental clients. The agency has developed expertise providing employee benefits products and consulting services to Taft-Hartley Act union trusts, Multiple Employer Welfare Arrangements (MEWAs) and other trusts and associations.
Based in Seattle, the agency serves clients throughout Washington and the western United States. Greg DiMartino and his staff will continue to operate from their existing Seattle office.
The selling entity’s DiMartino Financial Services division was not part of this transaction and will continue to operate from its existing Seattle location.
Brown & Brown and its subsidiaries offer a range of insurance and reinsurance products and services, as well as risk management, third-party administration, managed health care, and Medicare set-aside services and programs. The company provides service to business, public entity, individual, trade and professional association clients nationwide.
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