NU Online News Service, May 14, 10:52 a.m. EDT
Daytona Beach, Fla.-based insurance broker Brown & Brown said it has reached an agreement to acquire Irving Weber Associates Inc. of Ronkonkoma, N.Y. Financial terms were not disclosed.
Brown said Irving Weber specializes in insurance programs, primarily for the "fabricare" industry that is comprised of drycleaners, linen supply, uniform rental and commercial laundry operations. Irving Weber, with annualized revenues of approximately $4 million, also offers programs for other industries and has retail insurance agency operations. The firm was founded in 1946.
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