Brown & Brown of Connecticut, a subsidiary of Brown & Brown, has acquired certain retail insurance agency and brokerage business-related assets of agencies that include: DCSR Incorporated, doing business as Stone Insurance Agencies; The Gardner-Kirby, doing business as McCutcheon Burr & Sons; and Hedden Agency,doing business as Hedden Insurance.
The acquired operations, which offer a wide spectrum of personal insurance and commercial insurance products and services, have deep roots in Connecticut. McCutcheon Burr & Sons, located in Middletown, was founded in 1922. The Gardner-Kirby, located in Meriden, began business in 1924. Hedden Insurance, located in Waterford, began business in 1945 . Stone Insurance Agencies, also based in Meriden, was founded in 1947.
The acquired operations, which generate approximately $7.2m in combined annual revenues, will come under the leadership of Donald McGowan, executive vice president of Brown & Brown of Connecticut.
The selling entities’ operations in Bridgeport, Jewett City and Marlborough, Connecticut, and their specialty programs for transportation and drag racing industry participants, were not part of this transaction.
Scott Penny, regional executive vice president of Brown & Brown, said: We have been impressed with the quality and integrity of these operations since we entered the Connecticut marketplace in 2001. This transaction significantly enhances our presence in the Constitution State and throughout New England.