J. Scott Penny, regional president of Brown & Brown Inc.; Mark S. Balcos and Scott N. Balcos, principals of Balcos Insurance, Inc.; and Michael P. Howard, principal of M C H, Inc. of Seattle, d/b/a Mike Howard Insurance, today announced the acquisition of substantially all of the assets of Balcos Insurance, Inc. and M C H, Inc. of Seattle by Brown & Brown of Washington, Inc., a subsidiary of Brown & Brown.
With annual revenues of approximately $3.0 million, Balcos Insurance Inc. offers personal lines and commercial lines insurance, as well as specialized products and services for the restaurant and hospitality, automotive service and repair, construction, and manufacturing and distribution industries, among other specialty niches. Founded in 1985, the agency serves clients throughout the western United States. In June 2010, Mark Balcos, president of Balcos Insurance, was named the 2010 Agent of the Year by the Professional Insurance Agents (PIA) of Washington/Alaska.
Mike Howard Insurance, with annual revenues of approximately $500,000, has provided its individual and business clients in the greater Seattle area and throughout the state of Washington with personal, life, and commercial insurance products and services since 1992.
Following the transactions, Brown & Brown of Washington will operate from two new locations, in Ballard (Seattle) and Bellingham, Wash., under the leadership of Mark Balcos, a principal of Balcos Insurance.
Topics Mergers & Acquisitions Washington
Was this article valuable?
Here are more articles you may enjoy.
DeSantis Signs Bill Barring Local Worker Heat Protection Measures 
If US Inflation Reflected Rising Home Insurance Costs, It’d Be Even Higher 
Former Maryland Insurance Agent Pleads Guilty to Stealing $369K 
Employers Can’t Use Vicarious Liability to Block Negligence Claims, TN High Court Says 
