Clearlake Insurance Brokers has bought the broking portfolio of WEB Financial & Insurance Services for an undisclosed amount.

The privately owned broker says the purchase takes its gross written premium past $300 million a year.

“We’re excited about what this means for Clearlake’s trajectory,” co-CEO Yianni Gourlas said.

“Acquiring an established and well-regarded book of business of this scale is a significant milestone, and we look forward to building on the strong foundations already in place.”

Last June, Clearlake bought Logan Insurance Brokers – a deal that took its GWP above $200 million.

Co-CEO John Angelis says the latest acquisition “reflects our ongoing commitment to growing Clearlake with purpose. We see a strong alignment in values and client focus, and we’re confident this will deliver real value to the clients and to our business as a whole.”