Brown & Brown of Washington Inc. has acquired Rogers & Norman Inc.
Established in 1956, and with annual revenues of about $3.2 million, Rogers & Norman offers insurance in the Seattle area. Rogers & Norman’s employees will initially remain at their downtown Seattle location. Ultimately they will join Brown & Brown’s downtown Seattle office.
J. Scott Penny, regional president of Brown & Brown, said the acquisition is part of the company’s growth strategy for Seattle and the Pacific Northwest. Penny oversees the firm’s retail operations in Washington.
Brown & Brown of Washington is a subsidiary of Daytona Beach-based Brown & Brown Inc. (NYSE: BRO). which offers insurance and reinsurance products and related services. With a market cap of $2.7 billion and total assets of $2.2 billion, Brown & Brown is one of the largest publicly traded companies in the region. Its stock last week reached a new 52-week high of $22.55.