Acquisition to improve employee benefits portfolio
Brown & Brown, a provider of insurance and reinsurance products, and financial services agency, Roussel & Associates have confirmed that a subsidiary of Brown & Brown has acquired the group employee benefits division of Roussel & Associates.
According to Brown & Brown, with annualized revenues of approximately $1.7m, the group employee benefits division of Roussel & Associates will relocate to Brown & Brown’s existing Nashville, Tennessee operation, under the leadership of Danny Simmerman.
Mr. Bridges, who is responsible for certain of Brown & Brown’s operations in the southeast, said: We are honored to have Chris Hartnett, Paul Roussel and the other members of Roussel & Associates’ group benefits team join our forces in Nashville, and we are excited about the opportunities presented by this new addition to our employee benefits portfolio.
Steve Roussel, founder and owner of Roussel & Associates, said: Our team spent a lot of years and hard work building this side of the business. I feel confident saying the employee benefits portfolio will remain in good hands with Brown & Brown.