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Brown & Brown Metro LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Smith Insurance Associates Inc.

Smith Insurance is a family owned agency with more than 35 years of experience, providing a variety of business insurance products to its customers with a focus on multifamily residential, hospitality and commercial structures.

Following the acquisition, the Smith Insurance team will continue to operate from its office in Spring House, Penn., as a branch office of Brown & Brown’s Mt. Laurel, N.J. office, which is led by Brown & Brown Metro Vice President Billy Roberts. Roberts reports to Rich Knudson, regional president of Brown & Brown.

Brown & Brown is an insurance brokerage firm providing risk management to individuals and businesses.

Source: Brown & Brown Inc.

Topics Mergers & Acquisitions Pennsylvania