J. Scott Penny, Regional President & Chief Acquisition Officer of Brown & Brown, Inc. and Howard A. Savitt, the sole shareholder of the Richard W. Endlar Insurance Agency, announced that Brown & Brown of Massachusetts, LLC has acquired certain assets of the Richard W. Endlar Insurance Agency.
Founded in 1975 and based in Dedham, the agency specializes in providing property and casualty insurance products to condominium associations and other habitation-related clients in Massachusetts and throughout New England. It also offers a broad spectrum of other property and casualty insurance products to its clients in other sectors. As of 2012, the agency had combined annual revenues of approximately $4.6 million.
Mr. Savitt will remain in charge of the Richard W. Endlar Insurance Agency which will become a division of Brown & Brown of Massachusetts upon completion of the acquisition.
“I am delighted to join the outstanding national team at Brown & Brown which will afford Endlar Agency clientele with enhanced opportunities and resources for their insurance and risk management requirements.”
Mr. Penny was equally excited about his company’s latest acquisition. “Richard W. Endlar Insurance Agency is one of the premier insurance agencies in the New England area. Howard and his team have significant experience and expertise providing property and casualty coverage to condominium associations and other related clients. They will be an outstanding addition to the Brown & Brown team.”
Brown & Brown is currently ranked by Business Insurance magazine as the United State’s seventh largest independent insurance intermediary.