J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc., today announced that Brown & Brown of New York, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of yourPFO Consulting, LLC ("yourPFO").yourPFO represents many large company clients in the design and implementation of life insurance and employee benefits plans (life, health and ancillary) and has annual revenues of approximately $4.5 million. The yourPFO team will become part of the Westchester, New York profit center, which operates under the leadership of Don McGowan, Regional President of Brown & Brown, Inc.
Don stated, "The addition of the yourPFO operation to our Westchester profit center will bring a high level of employee benefits consulting experience and expertise for large employer groups. We are confident that the yourPFO team will flourish with their new teammates at Brown & Brown."
Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade and professional association clients nationwide, Brown & Brown is ranked by Business Insurance magazine as the United States' sixth largest independent insurance intermediary. Brown & Brown's Web address is www.bbinsurance.com.