POE & BROWN, INC. ANNOUNCES MERGER WITH ARCH-HOLMES INSURANCE, INC.
TAMPA, Fla., Nov. 16 /PRNewswire/ -- J. Hyatt Brown, president and CEO of Poe & Brown, Inc. (NASDAQ-NMS: POBR) of Tampa, and Gerry Arch and Michael Holmes of Arch-Holmes Insurance, Inc. of Hollywood, Fla., today announced that the two companies have merged. Arch-Holmes Insurance, Inc. is one of South Florida's premier construction bonding and insurance agencies. Brown commented: "We are pleased to have Gerry Arch, Michael Holmes and their staff of insurance professionals as part of Poe & Brown's growing presence in the construction industry. The expertise and resources of this team provides us with substantial new strength in this dynamic industry." Arch and Holmes stated that "this merger provides us with a new and strong organization to serve our current customers and to assist us in developing new clients." Poe & Brown, Inc., a general insurance agency headquartered in Tampa, is among the nation's leading independent insurance agency organizations. The company has offices throughout Florida, and in Arizona, California, Colorado, Connecticut, Georgia, New Jersey, North Carolina and Texas. -0- 11/16/93 /CONTACT: Cory T. Walker, vice president and chief financial officer, Poe & Brown, 813-222-4210/ (POBR)
CO: Poe & Brown, Inc.; Arch-Holmes Insurance, Inc. ST: Florida IN: INS SU: TNM
BN-BR -- AT010 -- 5042 11/16/93 11:41 EST
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|Date:||Nov 16, 1993|
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