Fullerton & Company, a subsidiary of Brown & Brown Inc, has acquired substantially all of the assets of Nies Insurance Agency.
With annual revenues of approximately $2.7m, Nies Insurance serves the personal, commercial, and employee benefits insurance needs of clients in the greater Portland Oregon/Vancouver, Washington area.
Following this transaction, Nies Insurance’ president Gerald Nies and his team will continue to serve their clients from their Camas and Battle Ground, Washington locations, under the leadership of Tim Nielsen, vice president of Fullerton & Company.
However, the transaction does not include the joint venture between Nies Insurance Agency and iQ Credit Union, which will continue to operate separately.
Brown & Brown regional president Roy Bridges said Nies Insurance Agency’s continued emphasis on personal service, combined with Brown & Brown’s resources, will mean greater opportunities for the company, clients and employees.