DAYTONA BEACH, Fla., Oct. 16, 2017 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of & Brown, Inc. (NYSE:BRO), and Brandon Brickweg, the founder of Universal Benefit Solutions, L.L.C., today announced that Pacific Resources Benefit Advisors, LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of UBS.

UBS represents large company clients in the placement of ancillary employee benefits products and has annual revenues of approximately $2.5 million. The UBS team will become part of the Pacific Resources profit center, which operates under the direction of Barrett Brown, Regional President of Brown & Brown, Inc.

Barrett Brown stated, “Brandon and Bob have built a very successful advisory firm offering creative solutions for their clients. We believe that joining their capabilities with our PacRes team, under the leadership of Paul Barden and Paul Rogers, will enhance both operations.”

Brandon Brickweg stated, “We have been offering customer centric solutions for ancillary benefits throughout the history of our organization and are very excited about combining with PacRes.”

Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade and professional association clients nationwide, Brown & Brown is ranked by Business Insurance magazine as the Universal States’ sixth largest independent insurance intermediary. Brown & Brown’s Web address is www.bbinsurance.com.