M&A Deal Summary

Brown & Brown Acquires Automotive Business Solutions

On December 8, 2023, Brown & Brown acquired business services company Automotive Business Solutions

Acquisition Highlights
  • This is Brown & Brown’s 10th transaction in the Business Services sector.
  • This is Brown & Brown’s 98th transaction in the United States.
  • This is Brown & Brown’s 4th transaction in Colorado.

M&A Deal Summary

Date 2023-12-08
Target Automotive Business Solutions
Sector Business Services
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

Automotive Business Solutions

Westminster, Colorado, United States
Automotive Business Solutions is an administrator of warranty products in the automotive aftermarket, providing nationwide parts and labor repair warranties, national road hazard programs, and component-specific warranties. Automotive Business Solutions is based in Westminster, Colorado.

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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 103 of 109
Sector (Business Services) 10 of 10
Type (Add-on Acquisition) 99 of 105
State (Colorado) 4 of 4
Country (United States) 98 of 103
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-22 Kentro Capital

London, United Kingdom

Kentro Capital is an independent specialty managing general agency that provides underwriting portfolio management services and reinsurance programs. Kentro Capital was founded in 2008 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-26 Caton Hosey

Port Orange, Florida, United States

Caton Hosey provides a full range of business and personal insurance services. Caton Hosey was formed in 1948 and is based in Port Orange, Florida.

Buy -