Brown & Brown Inc. brokerage said it has acquired three Lockport, La., agencies: Marcello Agency Inc., American Insurance Service Inc. and Beyer-Beeson Insurance Agency Inc. Financial terms of the transaction were not released.
The three, with combined revenue of approximately $2 million, are commercial property-casualty insurance brokerage firms focusing on serving the insurance and risk management needs of the energy and marine services industries in southern Louisiana and the Gulf Coast, B&B said.
Jerry Marcello, president of the three agencies, and his staff will continue to operate from their current location as a specialty division of Brown & Brown, the Daytona Beach, Fla.-based insurance broker said.
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