Brown & Brown, Inc. Announces the Asset Acquisition of Automotive Development Group, LLC
Brown & Brown, Inc. (BRO)
Last brown & brown, inc. earnings: 4/27 05:00 pm
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Source: GlobeNewswire
DAYTONA BEACH, Fla., May 14, 2018 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Joel Kansanback and Bill Kelly, the principals of Automotive Development Group, LLC (“ADG”), today announced that Brown & Brown of Kentucky, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of ADG. ADG is a performance improvement company providing F&I training and auto warranty and related products for auto dealer clients across the United States. ADG has annual revenues of approximately $11 million. The ADG team will become part of the Brown & Brown auto, RV and powersports practice, which operates under the leadership of Mike Neal, President of Brown & Brown of Kentucky, Inc. Mike stated, “As the Brown & Brown presence in the auto/F&I space has continued to grow, we saw the need for a well-developed platform to enhance that growth. Joel and Bill have built a sophisticated program to deliver insuranc
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BRO
Earnings
- 4/22/24 - Beat
BRO
Sec Filings
- 4/24/24 - Form 10-Q
- 4/22/24 - Form 8-K
- 4/11/24 - Form 8-K
- BRO's page on the SEC website