Brown & Brown units make acquisitions

Subsidiaries of Brown & Brown Inc. have made acquisitions in Colorado and Massachusetts, the Daytona Beach, Florida-based insurance broker said.

Denver-based Brown & Brown of Colorado Inc. has acquired assets of Englewood, Colorado-based Fitness Insurance L.L.C., which provides insurance coverage for the health club and fitness industry.

Fitness Insurance will function out of the offices of Brown & Brown of Colorado in Denver, and founders Randy and Kara Schumacher will continue to lead from the Denver offices, Brown & Brown said Tuesday in a statement.

Meanwhile Brown & Brown of Massachusetts L.L.C. has acquired assets of Southborough, Massachusetts-based Strategic Benefit Advisors Inc., a health and welfare benefits brokerage firm.

Strategic Benefit Advisors and its staff will stay in its current headquarters in Southborough under the leadership of co-founders Mark Abate and Michael Demean, Brown & Brown said Wednesday in a statement.

Brown & Brown is the seventh-largest insurance broker in the world, according to Business Insurance’s latest ranking.