Insurance broker Brown & Brown Inc. said it has acquired New York-based Martin Benefits Consulting, LLC and Martin Human Resources, LLC.
Financial terms of the transaction were not released.
The Daytona Beach, Fla.-based insurance broker said with combined annual revenues of approximately $3 million, Martin Benefits Consulting and Martin Human Resources offer employee benefits products and services in New York City and throughout the state; also in Connecticut and New Jersey.
Scott L. Martin, the principal of the two firms, and his staff will continue their operations from their current location as a free-standing profit center in New York.
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