M&A Deal Summary

Brown & Brown Acquires ALMEA Insurance

On April 15, 2019, Brown & Brown acquired insurance company ALMEA Insurance

Acquisition Highlights
  • This is Brown & Brown’s 65th transaction in the Insurance sector.
  • This is Brown & Brown’s 71st transaction in the United States.
  • This is Brown & Brown’s 2nd transaction in Washington.

M&A Deal Summary
Date 2019-04-15
Target ALMEA Insurance
Sector Insurance
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

ALMEA Insurance

Vancouver, Washington, United States
ALMEA Insurance, Inc. offers a wide variety of personal and business insurance products and services to customers in Washington and Oregon.

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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 71 of 109
Sector (Insurance) 65 of 97
Type (Add-on Acquisition) 68 of 105
State (Washington) 2 of 2
Country (United States) 71 of 103
Year (2019) 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-14 Cossio Insurance Agency

Greenville, South Carolina, United States

Cossio Insurance Agency LLC provides a range of insurance offerings for its customers, with a focus in family fun centers, paintball, inflatable rentals and other entertainment/special event products and services. Cossio Insurance Agency is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-15 United Development Systems

Clearwater, Florida, United States

United Development Systems, Inc. (UDS) offers a full line of F&I protection products, both traditional F&I and Ancillary. Having provider flexibility guarantees that UDS is able to satisfy the changing needs of the market and dealership.

Buy -
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