Brown & Brown acquires Pennsylvania agency Smith Insurance AssociatesInsurance broker giant Brown & Brown, Inc. today announced the acquisition of Smith Insurance Associates, Inc., a family business in Pennsylvania. The deal was made through Brown & Brown Metro, LLC, a subsidiary of Brown & Brown, Inc.

Smith Insurance has been offering various business insurance products to its customers in Pennsylvania for more than 35 years. The company is known for its expertise in multi-family homes, catering establishments and commercial structures. The annualized turnover is approximately $ 5.5 million.

"We are enthusiastic about what this opportunity means for our team and our customers", the Smith family reports in a statement. "Smith Insurance and Brown & Brown share a mutual commitment with the vision of our founder Stephen Smith in the areas of superior customer service, quality assurance products, innovation and integrity.

"This new alliance will not only allow us to expand our footprint in the residential property market, it will also offer our customers and employees an even broader range of options, solutions and services while allowing us to continue delivering the personal customer service we are known for. "

After the deal, the Smith Insurance team will continue to operate from their office in Spring House, Pennsylvania. They will operate as a branch of Brown & Brown & # 39; s Mt. Laurel, office in New Jersey, led by Billy Roberts, vice president of Brown & Brown Metro, LLC.

"Smith Insurance Associates have been trusted insurance professionals in Pennsylvania for over 35 years," said Roberts. "It's a real family business that offers unique insurance solutions for the real estate sector while maintaining a commitment to personal service.We could not be happier working with the talented Smith team and expanding our regional expertise nationally and internationally. "