Brown & Brown, Inc. publicizes the purchase of Broker Specialties Team Corp. by way of Brown & Brown Broker Services and products
DAYTONA BEACH, Fla., June 01, 2022 (GLOBE NEWSWIRE) — J. Scott Penny, leader acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Andrew (Andy) Courchaine, proprietor of Broker Specialties Team Corp. (“Broker Specialties”), these days introduced that Brown & Brown Broker Services and products (“BBDS”) has obtained considerably all the belongings of Broker Specialties.
Broker Specialties is an impartial gross sales and repair group offering F&I merchandise and gross sales reinforce to automobile and powersport sellers essentially in New York state. Following the transaction, Andy Courchaine and the Broker Specialties operations will transform a part of BBDS, which operates underneath the management of Mike Neal.
Mike mentioned, “We’re excited to proceed rising our BBDS operations with any other top of the range, strategic acquisition. Andy’s spectacular business wisdom and powerful paintings ethic have enabled him to create and care for long-standing relationships with high quality broker consumers. In combination, we sit up for proceeding to develop our presence in New York and past.”
Andy mentioned, “We’re extraordinarily happy to be becoming a member of BBDS and consider our consumers will receive advantages instantly from Brown & Brown’s nationwide footprint and power, in addition to the variety of services and products Brown & Brown gives. BBDS is an business chief within the F&I house, and we’re serious about proceeding to fulfill and exceed the wishes of our consumers.”
About Brown & Brown, Inc.
Brown & Brown, Inc. (NYSE: BRO) is a number one insurance coverage brokerage company, handing over chance control answers to folks and companies since 1939. With greater than 12,000 teammates in 350+ places around the U.S. and choose international markets, we’re dedicated to offering cutting edge methods to lend a hand offer protection to what our consumers worth maximum. For more info, please consult with bbinsurance.com.
This press unencumber might comprise sure statements in relation to long term effects that are forward-looking statements, together with the ones related to this acquisition. Those statements aren’t historic info however as a substitute constitute handiest Brown & Brown’s present trust referring to long term occasions, lots of which, by way of their nature, are inherently unsure and out of doors of Brown & Brown’s keep an eye on. It’s conceivable that Brown & Brown’s precise effects and monetary situation might range, perhaps materially, from the predicted effects and monetary situation indicated in those forward-looking statements. Additional knowledge regarding Brown & Brown and its industry, together with components that doubtlessly may materially have an effect on Brown & Brown’s monetary effects and situation, in addition to its different achievements, is contained in Brown & Brown’s filings with the Securities and Trade Fee. Such components come with the ones components related to Brown & Brown’s consummation and integration of the introduced acquisition, together with any issues analyzed within the due diligence procedure, and subject material adversarial adjustments within the industry and monetary situation of the vendor, the consumer, or each, and their respective consumers. All forward-looking statements made herein are made handiest as of the date of this unencumber, and Brown & Brown does now not adopt any legal responsibility to publicly replace or proper any forward-looking statements to mirror occasions or cases that therefore happen or of which Brown & Brown hereafter turns into mindful.
For more info:
R. Andrew Watts
Leader Monetary Officer