Beecher Carlson, a subsidiary of Insurance brokerage Brown & Brown, has acquired certain assets of Donald P. Pipino Company (Pipino).
The portion of the Pipino’s operations acquired by Brown & Brown has annual revenues of roughly $11 million.
Pipino is a real estate risk management and insurance firm led by Mary Pipino (daughter of the company’s founder Donald Pipino) as President and Chief Executive Officer.
Following the completion of the acquisition, the Pipino team will continue operating from their existing offices across the U.S under the leadership of Pipino, who will become an Executive Vice President of Beecher Carlson.
“Mary and her team embody our culture of providing customers with a high level of consulting on risk identification, quantification, financing alternatives, and program implementation and execution,” stated Joe Siech, Beecher Carlson’s Chief Executive Officer.
“Having known and respected Mary and her team for the past 20 years, we are thrilled to now collaborate to offer broader resources and expanded service and consulting capabilities to our collective customers.”
Pipino added, “Beecher Carlson and Pipino are the perfect partners to create one of the most powerful client-focused insurance risk management firms in our industry.
“Our companies were founded and are anchored on a culture of pioneering innovating insurance risk management products and services to positively impact our clients’ total cost of risk and insurance.
“The marriage of our outstanding teams, exceptional leadership, and individual areas of expertise are the perfect complement to each other, and we look forward to perpetuating and pioneering the next level of insurance risk management innovations and even greater success.”
