Insurance broker Brown & Brown said it has acquired two insurance agencies, one in Louisiana and the second in New Mexico. Terms of the deals were not released.
The Daytona Beach, Fla.-based broker said it acquired Alexander & Bolton Inc. of Alexandria, La., and Charter Insurance Services Inc. of Albuquerque, N.M.
Alexander & Bolton, founded in 1890, with annualized revenues of approximately $1.3 million, focuses on property-casualty and life and health insurance for individuals and businesses in Louisiana.
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