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Florida-based Brown & Brown Inc. announced it has acquired Alexander & Bolton Inc., of Alexandria, La.

Alexander & Bolton, founded in 1890, is one of Louisiana’s longest operating insurance agencies. With annualized revenues of approximately $1.3 million, Alexander & Bolton focuses on property and casualty, as well as health and life insurance for individuals and businesses in Louisiana.

Chairman Roscoe A. Bolton and his staff will continue at their current location as a division of Brown & Brown’s existing Lafayette, La., operation, under the leadership of Mark Romero.

Brown & Brown’s presence in Louisiana dates from 2001, when it acquired The Huval Companies; it now has locations in Lafayette, Baton Rouge, New Orleans and Lockport.

Source: Brown & Brown Inc.,

Topics Mergers & Acquisitions Louisiana