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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Wed., Apr. 1, 9:27 AM

Slide #77. Brown & Brown, Inc. Northeast Dealer Consultants, Inc.

Acquirer: Brown & Brown, Inc. (NYSE:BRO)
Acquiree: Northeast Dealer Consultants, Inc.
Details: J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Phil and Pamela Bruno, the owners of Northeast Dealer Consultants, Inc. ("NEDC"), today announced that Brown & Brown of Kentucky, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of NEDC.

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 risk-mitigating products; National Programs, which provides professional liability and related package products, a range of insurance products, and flood coverage, and targeted products and services; Wholesale Brokerage, which markets and sells excess and surplus commercial and personal lines insurance; and Services, which provides insurance-related services, including third-party claims administration and medical utilization management services, as well as Medicare Set-aside services.

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Company Name:  Brown & Brown Inc
Stock buyback:  BRO buyback
Sector:  Insurance Brokers
Number of ETFs Holding BRO:  89
Total Market Value Held by ETFs:  $1.53B
Total Market Capitalization:  $10.12B
% of Market Cap. Held by ETFs:  15.09%

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April 1, 2020    9:27 AM Eastern
Quotes delayed 20 minutes

Hold (2.11 out of 4)
7th percentile
(ranked lower than approx. 93% of all stocks covered)
Based on Zacks ABR data;
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