Breaking News: Brown & Brown Dealer Services Acquires DealerMax, Expanding Business Portfolio
DAYTONA BEACH, Fla. March 13, 2024 - Brown & Brown, Inc.(NYSE: BRO), a leading insurance and risk management solutions provider, today announced the acquisition of DealerMax’s assets.J.Scott Penny, Chief Acquisitions Officer of Brown & Brown, along with Jim Maxim, Jr.and Jim Maxim, Sr. the owners of DealerMax, jointly made the announcement.
DealerMax, a prominent player in the automotive industry, will now come under the umbrella of Brown & Brown Dealer Services (BBDS).This strategic acquisition further strengthens the extensive range of insurance products and services that Brown & Brown Inc.offers, cementing their position as a trusted intermediary between insurance carriers and clients.
With a focus on providing personalized solutions, Brown & Brown Inc.excels in tailoring insurance and risk management offerings to meet the specific needs of individuals and businesses.Their commitment to excellent customer service, combined with their vast network and expertise, has made them a go-to choice in the industry.
We are thrilled to announce the acquisition of DealerMax’s assets, said J.Scott Penny.This move bolsters our market position and enhances our ability to provide comprehensive insurance solutions to the automotive industry.We welcome the DealerMax team to the Brown & Brown family.
DealerMax, known for its innovative approach and commitment to delivering outstanding customer value, has built a strong reputation within the automotive industry.By joining forces with BBDS, DealerMax will have access to a wider network, enhanced resources, and a wealth of industry knowledge.
This acquisition is expected to further solidify Brown & Brown Inc.’s presence in the automotive insurance sector, bringing new growth opportunities and expanded services for their clients.As an industry leader, Brown & Brown Inc.remains dedicated to delivering excellence in insurance and risk management solutions.
Financial terms of the acquisition were not disclosed.
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