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Brown & Brown buys Debock & Muth

By Associated Press
May 30, 2008 | Comments (0)

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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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