M&A Deal Summary

Brown & Brown Acquires DealerMax

On March 13, 2024, Brown & Brown acquired insurance company DealerMax

Acquisition Highlights
  • This is Brown & Brown’s 94th transaction in the Insurance sector.
  • This is Brown & Brown’s 101st transaction in the United States.
  • This is Brown & Brown’s 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2024-03-13
Target DealerMax
Sector Insurance
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

DealerMax

Berwyn, Pennsylvania, United States
website
DealerMax is a provider of automotive insurance services. DealerMax was founded in 1982 and is based in Berwyn, Pennsylvania.

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Buyer(S) 1

Buyer

Brown & Brown

Daytona Beach, Florida, United States

website

Category Company
Founded 1939
Sector Insurance
Employees15,201
Revenue 3.6B USD (2022)
DESCRIPTION
Brown & Brown's headquarters in Daytona Beach, Florida.
Brown & Brown's headquarters in Daytona Beach, Florida.

Brown & Brown is a provider of insurance and reinsurance products and services to general business, corporate, governmental and quasi-governmental, institutional, professional, trade association and individual clients. Brown & Brown was incorporated in 1939 and is based in Daytona Beach, Florida.

DEAL STATS #
Overall 106 of 107
Sector (Insurance) 94 of 95
Type (Add-on Acquisition) 102 of 103
State (Pennsylvania) 4 of 4
Country (United States) 101 of 102
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-06 Hillco Insurance

Iowa Park, Texas, United States

Hillco Insurance is an independent agency specializing in personal and commercial coverage for individuals, families, and their businesses. Hillco Insurance is based in Iowa Park, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 CHAPP

Dundee, Florida, United States

CHAPP is a risk management company focused on providing insurance solutions for all aspects of agricultural business risk for customers in Florida and across the U.S. CHAPP was formed in 1976 and is based in Dundee, Florida.

Buy -
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