The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sat., Sep. 19, 7:55 AM

Slide #19. Brown & Brown, Inc. Brookstone Insurance Group, LLC

Acquirer: Brown & Brown, Inc. (NYSE:BRO)
Acquiree: Brookstone Insurance Group, LLC
Details: J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Brook Crawford, the owner of Brookstone Insurance Group, LLC, today announced that Brown & Brown Lone Star Insurance Services, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of the Brookstone.

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
Website: 
www.bbinsurance.com
Sector: 
Insurance Brokers
Number of ETFs Holding BRO: 
93
Total Market Value Held by ETFs: 
$1.96B
Total Market Capitalization: 
$12.78B
% of Market Cap. Held by ETFs: 
15.33%
 

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Hold (2.11 out of 4)
5th percentile
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