Brown & Brown Acquires Martin Benefits

Insurance broker Brown & Brown Inc. has acquired New York-based Martin Benefits Consulting and Martin Human Resources.

Terms of the deal were not disclosed.

The businesses — which have combined annual revenues of approximately $3 million — offer employee benefits products and services in New York City and throughout New York, Connecticut and New Jersey.

Principal Scott Martin and his staff will continue their operations from their current location as a free-standing profit center in New York City.

Thomas E. Riley, regional president and chief acquisitions officer for Brown & Brown, said the business is “one of the leading employee benefits firms in the tri-state area, and we are excited about the opportunities presented by this addition to our New York presence.”

Added Scott Martin: “This transaction will allow us to provide our clients with the same level of personalized service while exposing them to new resources and benefits.”

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Source: Brown & Brown