Brown & Brown-Michigan Acquires PEBS
Brown & Brown of Central Michigan, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all the assets of Public Employee Benefits Solutions, LLC, (PEBS) of Saginaw, Mich.
Founded in 2003 by Fred D. Todd and Mitchell T. Singer, PEBS, with approximately $2.3 million of annual revenues, provides employee benefits coverage and advice to municipalities, public and quasi-public agencies, and not-for-profit organizations throughout Michigan. The PEBS team will remain based in Saginaw under the leadership of PEBS's current president, Angela L. Garner.
Stahl & Associates Acquires Herndon
St. Petersburg-based Stahl & Associates Insurance, an independent insurance agency with offices in Oldsmar and Lake Mary, has acquired Herndon & Associates Insurance LLC in Lakeland. Terms were not disclosed.
The acquisition expands the company's footprint along the Interstate 4 corridor and is part of an overall strategy to continue growing and maintaining independence within the industry, a company statement said.
Herndon & Associates Insurance will now be known as Stahl Herndon & Associates Insurance. The firm currently employs more than 100 full-time insurance professionals. Its services include commercial insurance and risk management, employee benefits and financial services, and personal insurance.
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