AmWINS Group Inc. has acquired Colemont Insurance Brokers in Dallas, in a move that might make it the nation's largest wholesale brokerage, one consultant suggested. Financial terms of the transaction were not released.
In a statement, Charlotte, N.C.-based AmWINS said the two companies combined will distribute over $4.8 billion in annual premiums with more than 1,800 employees in 16 countries worldwide.
"Not only does this combination strengthen our geographic footprint, but more importantly, we have expanded the expertise and capabilities available to our clients," according to M. Steve DeCarlo, who will serve as chief executive officer of the combined firm.
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