Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance > Term Insurance

Brokers Acquire 4 Agencies

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, July 12, 2004, 6:40 p.m. EDT

Insurance brokers have announced a total of 4 insurance and benefits agency deals in the past 4 days.[@@]

Brown & Brown Inc., Daytona Beach, Fla., is acquiring a group of businesses that includes Wiita Insurance Agency Inc., Hurley, Wis.; Wiita & Stevens Insurance, Minocqua, Wis.; and Tribal Benefits Specialists L.L.C.

The 3 entities generate a total of about $2 million in revenue per year by selling insurance, benefits and related products and services to Native American tribes and tribal businesses in the upper Midwest, Brown & Brown says.

Meanwhile Arthur J. Gallagher & Company, Itasca, Ill., is acquiring BenefitPort Northwest, Bellevue, Wash., a large regional benefits brokerage firm, from BenefitPort Inc., Norwalk, Conn.

The prices of the deals and other financial terms were not available. But Brown & Brown says it will be keeping John Wiita, the president of Wiita Insurance, as the profit center manager for the businesses it’s buying.

Arthur J. Gallagher will be renaming BenefitPort Northwest “Gallagher Reppond, a division of Gallagher Benefit Services,” and keeping founder Ben Reppond as its area president.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.