Michael Paschke, regional executive vice president of Brown & Brown Inc., and Richard Powers, president of Powers & Effler Insurance Brokers Inc., d/b/a Powers & Company Insurance Agents and Brokers, of Rocklin, California (Powers & Company), announced the asset acquisition of Powers & Company by a subsidiary of Brown & Brown Inc. Powers & Company is an insurance agency serving clients in the states of California, Nevada and Arizona, with annualized revenues of approximately $11.2 million. Powers and his staff will continue to operate out of their existing office as a new stand-alone Brown & Brown profit center.Monday, March 31, 2008
Brown & Brown Purchases Powers & Co.
Michael Paschke, regional executive vice president of Brown & Brown Inc., and Richard Powers, president of Powers & Effler Insurance Brokers Inc., d/b/a Powers & Company Insurance Agents and Brokers, of Rocklin, California (Powers & Company), announced the asset acquisition of Powers & Company by a subsidiary of Brown & Brown Inc. Powers & Company is an insurance agency serving clients in the states of California, Nevada and Arizona, with annualized revenues of approximately $11.2 million. Powers and his staff will continue to operate out of their existing office as a new stand-alone Brown & Brown profit center.
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