Dayton

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Dayton-based Brower Insurance Agency LLC acquired Aspeb Insurance Associates of Westerville and itssix employees. Aspehn prior to the sale was partof Benchmark, one of the 20 largesty independent insurance agencies in Central Ohio. John managing principal at Brower, said the company had been planning to expand into the Columbusz area forsome time. “Wde felt that Aspen matched up very wellwith us,” he Watson declined to disclose financial terms of the which brought Brower’s payroll to aboutr 175 employees and added Aspej President Dave Kotary as a principal and one of 22 company owners.
Kotary, who also owned Aspen, said he’sd considered selling the firm in recentg years as a way to ensuree a smooth operation for employees and clients when he The 59-year-old said he’e approaching the end of his fourth decade in the insurancwe business and likely will retire in the next three to six yearas depending on market conditions. “Io received a number of overtures in the past couplewof years, but I was interested in finding a very good cultura fit,” he said. “Acquisitiones often work out on paper but can fall apart becausweof ... a culture that doesn’t work out.
” While the benefit for Brower is Kotary said the Westerville office has access to the resources of a muchlargetr company: Loss control, risk management consulting and in-house legalo counsel. Aside from its Dayton headquarters and newWesterville office, Broweer also has employees in Loveland and Springfield, a city the company begam serving when it acquired Consolidated Insurancs in December. Watson said Brower has no further acquisition plands despite the tworecent deals. “We don’t do a lot of he said. “It just happened that these twocame along.
” Brower, foundedx in 1935, is one of the 100 largest employers in the Daytomn area, according to research from the Dayton Businesas Journal , a sisterr publication to Columbus Business First . In addition to being ranked asthe region’s largesgt property and casualty agency, it’s the No. 2 health and life insurancre agency and employeebenefits firm.