Brown & Brown of Central Michigan, Inc., a subsidiary of Brown & Brown, Inc. announced that it has acquired substantially all of the assets of Public Employee Benefits Solutions, L.L.C., located in Saginaw, Michigan.
Founded in 2003 by Fred D. Todd and Mitchell T. Singer, Public Employee Benefits Solutions ("PEBS"), with approximately $2.3 million of annual revenues, provides employee benefits coverage and advice to municipalities, public and quasi-public agencies, and not-for-profit organizations throughout the State of Michigan. The PEBS team will continue to serve its clients from PEBS's Saginaw location, under the leadership of PEBS's current President, Angela L. Garner.
Linda S. Downs, Regional President for Brown & Brown, Inc., stated, "PEBS's singular focus has led it to build one of the most skilled teams in the industry devoted to the employee benefits needs of governmental entities. We are excited about having this dynamic group of professionals join our growing presence in the Wolverine State."
Fred D. Todd stated, "Brown & Brown's culture of honesty and integrity, along with the resources they bring as one of the largest and most respected insurance intermediaries, is an excellent fit for partnership with PEBS. We are delighted they chose our agency to be part of the B&B(SM) team. The wide range of resources available through B&B will be indispensable to our current and future clients."
Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance and reinsurance 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' seventh largest independent insurance intermediary. Brown & Brown's Web address is www.bbinsurance.com.