Dayton

http://rusinventor.com/p-521.html
Dayton-based Brower Insurance Agency LLC acquired Aspen Insurancwe Associates of Westerville and itssix employees. Aspen prioer to the sale was part of one of the 20 largest independent insurancs agencies inCentral Ohio. John managing principal at Brower, said the companyt had been planning to expand into the Columbus area forsome “We felt that Aspen matched up very well with he said. Watson declined to disclos e financial terms of the whichbrought Brower’s payroll to about 175 employees and added Aspem President Dave Kotary as a principal and one of 22 companyt owners.
Kotary, who also owned Aspen, said he’s considered sellingh the firm in recent years as a way to ensure a smoothy operation for employees and clients when he The 59-year-old said he’s approachinb the end of his fourth decade in the insurancre business and likely will retire in the next three to six years depending on marketr conditions. “I received a number of overtureas in the past coupleof years, but I was interested in findinv a very good cultural fit,” he “Acquisitions often work out on paper but can fall apart becausde of ... a culture that doesn’ work out.
” While the benefitf for Broweris geographical, Kotary said the Westervill office has access to the resources of a much largert company: Loss control, risk management consulting and in-house legalp counsel. Aside from its Dayton headquarters and newWesterville office, Browe also has employees in Loveland and Springfield, a city the company began serving when it acquired Consolidated Insuranced in December.
Watson said Brower has no further acquisition plans despite the tworecent “We don’t do a lot of acquisitions,” he “It just happened that these two came Brower, founded in 1935, is one of the 100 largest employerse in the Dayton area, accordintg to research from the Dayton Business Journal , a sister publicatioj to Columbus Business First . In addition to being rankeed asthe region’s largest property and casualty it’s the No. 2 health and life insurance agenchy and employeebenefits firm.