Insurance Brokers M&A » By The Online Investor Staff, updated Sun., Apr. 28, 4:25 PM
Recent mergers and acquisitions in the Insurance Brokers M&A category.
Slide #7. Brown & Brown, Inc. — Assets of Pacific Resources Benefits Advisors, LLC
Acquirer: |
Brown & Brown, Inc. (NYSE:BRO) |
Acquiree: |
Assets of Pacific Resources Benefits Advisors, LLC |
Details: |
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE: BRO), and Paul Barden and Paul Rogers, the controlling members of Pacific Resources Benefits Advisors, LLC ("PacRes"), today announced that a subsidiary of Brown & Brown, Inc. has entered into an asset purchase agreement to acquire substantially all of the operating assets of PacRes. The transaction is expected to close in May 2014, subject to customary closing conditions, including regulatory approval. |
Brown & Brown is an insurance agency, wholesale brokerage, insurance programs and service organization. Co.'s segments are: Retail, which provides a range of insurance products and services and non-insurance services and products through its automobile dealer services businesses; National Programs, which provides program management capabilities for insurance carrier partners across various lines of business, that include personal lines programs, commercial lines programs, public entity programs and specialty programs; Wholesale Brokerage, which markets and sells excess and surplus commercial insurance products and services; and Services, which provides a range of insurance-related services.
BRO SEC Filing Email Alerts Service
Open the BRO Page at The Online Investor »
Company Name: |
Brown & Brown Inc |
Stock buyback: |
BRO buyback |
Website: |
www.bbinsurance.com |
Sector: |
Insurance Brokers |
Number of ETFs Holding BRO: |
106 |
Total Market Value Held by ETFs: |
$3.41B |
Total Market Capitalization: |
$23.43B |
% of Market Cap. Held by ETFs: |
14.57% |
|
Open the BRO Page at The Online Investor (in a new window) »
|
April 28, 2024 4:25 PM Eastern
Buy (2.67 out of 4)
12nd percentile
|
|