Brown & Brown, Inc. BRO announced that Brown & Brown of Florida, Inc. has bought Sudler Insurance Services.Founded in 1995, Sudler Insurance Services offers employee benefits products and services across Florida, Michigan and South Carolina. The addition of Sudler Insurance will boost the acquirer’s employee benefits business.Brown & Brown and its subsidiaries continuously make strategic acquisitions to expand globally, add capabilities and boost operations. Also, these strategic buyouts help Brown & Brown to increase commissions and fees, which, in turn, drive revenues.Brown & Brown’s impressive growth is driven by organic and inorganic means across all segments. Also, strategic acquisitions and mergers help it spread its operations. In over a span of a more than two decades, the company has acquired about 500 insurance intermediary operations. In the first half, it completed four acquisitions with annual revenues of approximately $44 million. Brown & Brown intends to make consistent investments in boosting organic growth and margin expansion. Its solid earnings have allowed the company to expand its capabilities with the buyouts extending the company’s geographic footprint.Consistent operational results have been aiding Brown & Brown in generating solid cash flows for deployment in strategic initiatives. It has maintained a strong liquidity position, with $850.2 million of cash and cash equivalents as well as $800 million of accessible capital on revolver.Shares of Brown & Brown have rallied 17.6% year to date compared with its industry’s increase of 6.3%. We expect this Zacks Rank #2 (Buy) insurance broker’s sustained operational performance, higher commissions and fees, and a sturdy capital position to help it retain the momentum.Image Source: Zacks Investment ResearchGiven insurance industry’s adequate capital level, players are pursuing strategic mergers and acquisitions. Arthur J. Gallagher & Co. AJG inked an agreement to buy Willis Towers Watson plc’s WLTW Willis Re for $3.25 billion in cash to expand its global value proposition in reinsurance. Horace Mann Educators Corporation HMN has agreed to buy Madison National Life Insurance Company for $172.5 million to boost its presence in the education market.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Arthur J. Gallagher & Co. (AJG): Free Stock Analysis Report Brown & Brown, Inc. (BRO): Free Stock Analysis Report Horace Mann Educators Corporation (HMN): Free Stock Analysis Report Willis Towers Watson Public Limited Company (WLTW): Free Stock Analysis Report To read this article on Zacks.com click here.