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Brown & Brown, Inc. Announces the Asset Acquisition of Martin Benefits Consulting, LLC and Martin Human Resources, LLC


Posted on 06 Oct 2010

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Thomas E. Riley, Regional President and Chief Acquisitions Officer of Brown & Brown, Inc.  and Scott L. Martin, principal of Martin Benefits Consulting, LLC and Martin Human Resources, LLC of New York, New York, today announced the acquisition of substantially all of the assets of Martin Benefits Consulting, LLC and Martin Human Resources, LLC by Brown & Brown of New York, Inc., a subsidiary of Brown & Brown.

With combined annual revenues of approximately $3.0 million, Martin Benefits Consulting and Martin Human Resources offer employee benefits products and services in New York City and throughout New York, Connecticut and New Jersey. Scott Martin and his staff will continue their operations from their current location as a free-standing profit center in New York, New York.

Mr. Riley, who is responsible for certain of Brown & Brown's retail operations in New York, commented, "We are honored to welcome Scott and his team of high-quality employee benefits specialists to our organization. These professionals built Martin Benefits into one of the leading employee benefits firms in the tri-state area, and we are excited about the opportunities presented by this addition to our New York presence." Mr. Martin commented, "My team and I are thrilled to be joining the Brown & Brown family, where our shared embrace of the entrepreneurial spirit will only grow stronger. Most importantly, this transaction will allow us to provide our clients with the same level of personalized service while exposing them to new resources and benefits."

Brown & Brown, Inc. and its subsidiaries offer a broad 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. Providing service to business, public entity, individual, trade, and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the seventh largest independent insurance intermediary in the United States. The Company's Web address is www.bbinsurance.com.


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