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Industry Spotlight > Broker Dealers

Wholesaler Broker Acquires New York General Agency

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Emerson, Reid & Company has acquired Dascit/White & Winston Inc. from a unit of National Financial Partners Corp.[@@]

Emerson, Reid, New York, is a benefits wholesaler with operations in New York, New Jersey and Pennsylvania.

Dascit/White, New York, is a small group benefits general agency.

The price of the Dascit/White deal was not available, but Emerson, Reid says it expects Dascit/White to generate about $3 million in annual revenue.