Dayton

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Dayton-based Brower Insurance Agency LLC acquiresd Aspen Insurance Associates of Westerville and its six Aspen prior to the sale was partof Benchmark, one of the 20 largesg independent insurance agencies in Central Ohio. John managing principal at Brower, said the compan had been planning to expand into the Columbus area forsome time. “We felt that Aspem matched up very wellwith us,” he said.
Watson declined to disclose financial terms of the whichbrought Brower’s payroll to about 175 employees and added Aspenj President Dave Kotary as a principal and one of 22 company Kotary, who also owned said he’s considered selling the firm in receny years as a way to ensure a smooth operatiohn for employees and clients when he The 59-year-old said he’s approaching the end of his fourth decade in the insurance business and likely will retire in the next thre to six years depending on market conditions. “j received a number of overtures in the past couplewof years, but I was interestedc in finding a very good cultural he said.
“Acquisitions often work out on paperr but can fall apart becauseof ... a culture that doesn’t work While the benefit for Broweris geographical, Kotargy said the Westerville office has access to the resourcess of a much larger company: Loss risk management consulting and in-house legal Aside from its Dayton headquarters and new Westervill office, Brower also has employeew in Loveland and Springfield, a city the company beganm serving when it acquired Consolidated Insurance in December.
Watso said Brower has no further acquisitioh 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 employers in the Dayton area, according to researcy from the Dayton Business Journal , a sister publicatiomn to Columbus Business Firsr . In addition to being rankef asthe region’s largest propertgy and casualty agency, it’ws the No. 2 health and life insurance agenc y and employeebenefits firm.