Brown & Brown Insurance of Nevada, a subsidiary of Brown & Brown, has acquired certain assets of Waymark.
With roots dating back to 1999, Waymark has annual revenues of approximately $1.3m.
The firm specializes in providing employee benefits products and services, including discount health and lifestyle benefit programs and consulting services, to clients in Nevada and various other states within the United States.
Following the transaction, the Waymark team will re-locate to Brown & Brown of Nevada’s existing Las Vegas, Nevada office and will operate under the leadership of Brian W. Cruden.
Mr. Cruden, Executive Vice President of Brown & Brown Insurance of Nevada, stated, "Waymark has a stellar reputation with deep roots in our community. We are proud to have such a high-quality operation joining the Brown & Brown team here in Nevada."
Kelly E. LeGrow, Managing Member of Waymark, commented, "We are honored to be joining forces with such a respected and prestigious firm as Brown & Brown. This move not only allows us to increase services and support to our existing clients, but provides us an expanded platform to deliver our cutting-edge products and programming to current Brown & Brown clients."
Brown & Brown, through its subsidiaries, offers a broad range of insurance and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services.