Brown & Brown acquires private equity specialist
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Brown & Brown Inc. has agreed to buy Hauser Inc., a brokerage that focuses on placing coverage for private equity groups, Brown & Brown announced Monday.
Terms of the deal, which is expected to close in September, were not disclosed.
Hauser, which places property/casualty and employee benefits business, will continue to operate from its headquarters in Cincinnati and be led by managing partner James Stines, the statement said.
Brown & Brown is the sixth-largest brokerage in the world, according to Business Insurance’s most recent ranking.
