DAYTONA BEACH, Fla. - Insurance firm Brown & Brown Inc. said Friday one of its subsidiaries bought Debock & Muth Insurance Agency Inc., a property and casualty insurance company.
The financial terms of the deal were not disclosed.
The company said Debock & Muth has annual revenues of about $1.7 million. The company will operate from its existing location in Stockton, Calif., as a Brown & Brown profit center, Brown & Brown said.
Brown & Brown shares rose 27 cents to close at $19.47.
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