Brown & Brown unit buys Texas broker

A Brown & Brown Inc. unit has acquired Brookstone Insurance Group LLC, the Daytona Beach, Florida-based brokerage said in a statement Wednesday.

Terms of the transaction were not disclosed.

Brookstone Insurance Group provides commercial and personal insurance in the greater Dallas-Fort Worth metro area, the statement said. The broker has about 35 employees in six locations, according to information on its website.

Brookstone employees will join Brown & Brown Lone Star Insurance Services Inc. operations in Dallas-Fort Worth and throughout Texas and will continue to operate from existing offices under the leadership of Lauren Allen and the regional leadership of Tommy Huval, regional president of Brown & Brown Retail, the statement said.

Brown & Brown is the sixth-largest brokerage ranked by revenue generated by U.S. clients, according to Business Insurance’s most recent ranking.