NU Online News Service, Oct. 22, 3:18 p.m. – Brown & Brown Inc., Daytona Beach, Fla., a large insurance broker, says it has acquired a smaller broker, Froehlich-Paulson-Moore Inc., Grand Forks, N.D.
The value of the deal was not available, but Brown & Brown, says it will keep Mark Paulson, the president of Froehlich-Paulson, and his existing staff at their current location.
Froehlich-Paulson generates $1 million in revenue a year from selling insurance, health plan administrative services and managed care products, Brown & Brown says.
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