Add-on Acquisition • Insurance

Brown & Brown Acquires American Specialty Insurance & Risk Services

On January 3, 2005, Brown & Brown acquired insurance company American Specialty Insurance & Risk Services

Acquisition Context
  • This is Brown & Brown’s 3rd transaction in the Insurance sector.
  • This is Brown & Brown’s 3rd transaction in the United States.
  • This is Brown & Brown’s 1st transaction in Indiana.

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M&A Deal Summary

Date January 3, 2005
Target American Specialty Insurance & Risk Services
Sector Insurance
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target Company

American Specialty Insurance & Risk Services

Roanoke, Indiana, United States
American Specialty Insurance & Risk Services is a sports and entertainment insurance broker.
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Buyer Overview 1

Buyer

Brown & Brown

Daytona Beach, Florida, United States

Category Company
Founded 1939
Sector Insurance
Employees16,152
Revenue 4.7B USD (2024)
DESCRIPTION
Brown & Brown's headquarters in Daytona Beach, Florida.
Brown & Brown's headquarters in Daytona Beach, Florida.

Brown & Brown provides 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 Context for Buyer #
Overall 3 of 111
Sector: Insurance 3 of 98
Type: Add-on Acquisition 3 of 107
State: Indiana 1 of 1
Country: United States 3 of 105
Year: 2005 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-08 Statfeld Vantage Insurance Group

Florham Park, New Jersey, United States

Statfeld Vantage Insurance Group is a general insurance agency serving a broad array of clients in New Jersey and surrounding states, with a specialization in benefits consulting and plan design.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-13 ECC Insurance Brokers

Oak Brook, Illinois, United States

ECC Insurance Brokers, Inc. is a independent agents to be their preeminent experts for specialty and unique liability risks.

Buy -