Patriot Growth Insurance Services LLC on Tuesday said it has acquired Business Benefits Group Inc. and its subsidiary, Incisive Financial Group LLC.
Terms of the deal were not disclosed.
Fairfax, Virginia-based Business Benefits Group provides commercial insurance coverages including commercial auto, directors and officers, errors and omissions, and property, in addition to employee benefits. The broker has two offices in Fairfax and 55 employees.
The acquisition is the first in Virginia for Patriot, the statement said.
Fort Washington, Pennsylvania-based Patriot is the 37th-largest broker of U.S. business, according to the most recent Business Insurance rankings.