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Brown & Brown Buys Two Massachusetts Agencies

Posted on 17 Feb 2011

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Brown & Brown of Massachusetts, LLC, a subsidiary of Brown & Brown, Inc., has acquired the assets of United Benefit Services Insurance Agency LLC and Beverly T. Gottlieb & Associates, two Boston-area agencies providing two  employee benefits and related insurance products.

With combined annualized revenues of approximately $6.4 million, United Benefit Services, founded in 2000, and Beverly T. Gottlieb & Associates, founded in 1985, serve the individual and group life, health, and other employee benefit planning needs of clients in the Boston metropolitan area and throughout New England. The employees and operations of United Benefit Services and Beverly T. Gottlieb & Associates will remain at their current locations in Newton and Charlestown, Massachusetts, under the leadership of Stephen Peck.

J. Scott Penny, who is responsible for Brown & Brown's retail operations in Massachusetts, stated, "...We are very excited to have United Benefit Services and Beverly T. Gottlieb & Associates join us as our retail insurance platform in the greater Boston area." Steve Peck, a principal of United Benefit Services, commented, "By joining forces with Brown & Brown, we will be able to locally offer an expanded employee benefits portfolio, as well as property and casualty insurance products and services, to our individual and commercial clients. This transaction also represents greater career opportunities for our employees. We look forward to our teams' continued future success within the Brown & Brown organization."