Integro Insurance Brokers has acquired the assets of Newport Beach, Calif.-based employee benefits specialist Lugo & Associates Insurance Services Inc., it was announced on Thursday.
The acquisition was for an undisclosed sum.
“Mike Lugo and his team are a great fit with our existing benefits business,” Marc Kunney, president of Integro North America, said in a statement. “Lugo & Associates focuses on group health and 401(k) and pension plan 
clients in the small to medium size markets, a great complement to Integro’s larger company client base. With his vast experience in this market, Mike will lead the small to mid-size group division serving clients with fewer than 250 employees.”
New York, N.Y.-based Integro is primarily on serving organizations with complex risks.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency 
Artist Suing FIFA Over Destruction of Dallas Whale Mural 
Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk 
