M&A Deal Summary

Brown & Brown Acquires Agency Services Consolidated

On December 11, 2013, Brown & Brown acquired insurance company Agency Services Consolidated

Acquisition Highlights
  • This is Brown & Brown’s 23rd transaction in the Insurance sector.
  • This is Brown & Brown’s 24th transaction in the United States.
  • This is Brown & Brown’s 2nd transaction in Ohio.

M&A Deal Summary

Date 2013-12-11
Target Agency Services Consolidated
Sector Insurance
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

Agency Services Consolidated

Cincinnati, Ohio, United States
Agency Services Consolidated, Inc. is a Cincinnati based agency specializing in products, services, and income development for the finance and insurance industry.

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Buyer(S) 1

Buyer

Brown & Brown

Daytona Beach, Florida, United States

Category Company
Founded 1939
Sector Insurance
Employees16,152
Revenue 4.2B USD (2023)
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 founded in 1939 and is based in Daytona Beach, Florida.


DEAL STATS #
Overall 24 of 109
Sector (Insurance) 23 of 97
Type (Add-on Acquisition) 22 of 105
State (Ohio) 2 of 5
Country (United States) 24 of 103
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-11 O Neil Financial Services Agency

Westerville,, Ohio, United States

O'Neil Financial Services Agency, Inc. engages in the auto protection and extended warranty to auto dealerships in Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-02 ICA

Charlotte, North Carolina, United States

ICA is a provider of outsourced catastrophe claims adjustment services.

Buy -