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.
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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.
