J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, (BRO), and Douglas A. Pridgen, the principal of Aether Consulting Group d/b/a Global Benefit Strategies, announced that Brown & Brown Metro, a subsidiary of Brown & Brown, has acquired certain assets of Global Benefit Strategies.
Global Benefit Strategies was founded by Doug Pridgen and specializes in providing employee benefits insurance products and services.
The company has annual revenues of approximately $1.1 million. As part of the transaction, Doug and his team will join Brown & Brown Metro’s existing Florham Park, New Jersey location under the leadership of Ty Beba.
Mr. Beba stated, "Doug Pridgen has built Global Benefit Strategies on the premise of providing exemplary service to its employee benefits clients. This acquisition enables us to continue growing our retail presence in New Jersey and throughout the Northeast. We are excited that Doug has decided to join the Brown & Brown team."
Mr. Pridgen added, "We are delighted to be joining such a fine organization as Brown & Brown and look forward to sharing the vast new resources we will have access to with our existing clients as we continue to help them navigate the ever changing and ever challenging employee benefits landscape."
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.