Brown & Brown buys DiMartino’s assets

US diversified insurance company Brown & Brown (NYSE:BRO) has bought, via its subsidiary Brown & Brown of Washington, the insurance agency and brokerage business-related assets of Seattle-based DiMartino Associates.

Financial details were not disclosed.

The acquisition will have no consequences for DiMartino Associates' staff, CEO Greg DiMartino said on Friday.

DiMartino offers employee benefit solutions to individual, business, association and governmental clients and generates an annual revenue of some USD4.3m (EUR3.2m).

Country: ; USA

Sector: ; Insurance

Target: DiMartino Associates

Buyer: Brown & Brown Inc

Vendor: DiMartino Associates Inc

Type: Corporate acquisitionStatus: Closed

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