Brown & Brown of Washington, a subsidiary of Brown & Brown, has acquired certain assets of Compass Consulting Group, in particular, the books of business serviced by Messrs. Werlinger and Libao.
The acquired books of business, with aggregate annualized revenues of approximately $1m, consist primarily of employee benefits products and services offered to businesses and individuals throughout the greater Seattle metropolitan area.
Principals of Compass Consulting Group Kevin Werlinger, David Libao and other employees join Brown & Brown of Washington’s existing Seattle profit center.
Peter Goerlitz, who is also a principal of Compass Consulting Group, will not be joining Brown & Brown, and will continue to service his clients through Compass Consulting Group.
Brown & Brown regional president and chief acquisitions officer Scott Penny said Kevin Werlinger, David Libao and the other members of the Compass team have established a reputation for quality service and benefits expertise throughout the greater Seattle metropolitan area.
Brown & Brown, through its subsidiaries, offers a broad range of insurance and reinsurance products and related services. It also offer a variety of risk management, third-party administration, and other services.