Brown & Brown of New York, a subsidiary of Brown & Brown, has acquired substantially all of the assets of yourPFO Consulting, a privately held company based in Purchase, New York.
The acquired entity represents various large company clients in the design and implementation of life insurance and employee benefits plans.
yourPFO Consulting has annual revenues of approximately $4.5m.
Following the completion of the deal, team of yourPFO will join become part of Brown & Brown’s Westchester, New York profit center.
Don McGowan, regional president of Brown & Brown, leads Brown & Brown’s Westchester, New York profit center.
Don commented: “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.”
Through its subsidiaries, Brown & Brown offers a broad range of insurance products and related services. Additionally, certain of its subsidiaries offer a variety of risk management, third-party administration, and other services.