M&A Deal Summary

Brown & Brown Acquires Best Practices Insurance Agency

On December 4, 2006, Brown & Brown acquired insurance company Best Practices Insurance Agency

Acquisition Highlights
  • This is Brown & Brown’s 8th transaction in the Insurance sector.
  • This is Brown & Brown’s 8th transaction in the United States.
  • This is Brown & Brown’s 1st transaction in Texas.

M&A Deal Summary

Date 2006-12-04
Target Best Practices Insurance Agency
Sector Insurance
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

Best Practices Insurance Agency

Dallas, Texas, United States
Best Practices Insurance Agency Inc. act as program administrators, managing general agents and brokers for lawyer’s and accountant’s professional liability insurance primarily in Texas and surrounding states.

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Buyer(S) 1

Buyer

Brown & Brown

Daytona Beach, Florida, United States

website


Category Company
Founded 1939
Sector Insurance
Employees12,023
Revenue 3.0B USD (2021)
DESCRIPTION

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 8 of 101
Sector (Insurance) 8 of 90
Type (Add-on Acquisition) 8 of 97
State (Texas) 1 of 7
Country (United States) 8 of 97
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-04 ProTexn

Tampa, Florida, United States

ProTexn, Inc. is a provider of professional liability insurance solutions and policies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-20 Security Risk Managers

Nashville, Tennessee, United States

Security Risk Managers, Inc. is a provider of wholesale insurance services.

Buy -