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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Mar. 19, 3:35 AM

Slide #34. Brown & Brown, Inc. DealerMax

Acquirer: Brown & Brown, Inc. (NYSE:BRO)
Acquiree: DealerMax
Details: J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Jim Maxim, Jr. and Jim Maxim, Sr., the owners of DealerMax ("DealerMax"), today announced that Brown & Brown Dealer Services ("BBDS") has acquired the assets of DealerMax.

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.

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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:  104
Total Market Value Held by ETFs:  $3.54B
Total Market Capitalization:  $24.29B
% of Market Cap. Held by ETFs:  14.55%
 

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March 19, 2024    3:35 AM Eastern
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Buy (2.67 out of 4)
13rd percentile
(ranked lower than approx. 87% of all stocks covered)

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