M&A Deal Summary

Brown & Brown Acquires Automotive Development Group

On May 14, 2018, Brown & Brown acquired business services company Automotive Development Group

Acquisition Highlights
  • This is Brown & Brown’s 5th transaction in the Business Services sector.
  • This is Brown & Brown’s 58th transaction in the United States.
  • This is Brown & Brown’s 4th transaction in Minnesota.

M&A Deal Summary
Date 2018-05-14
Target Automotive Development Group
Sector Business Services
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

Automotive Development Group

Bloomington, Minnesota, United States
Automotive Development Group LLC is a performance improvement company providing F&I training and auto warranty and related products for auto dealer clients. Automotive Development Group LLC was established in 2002 and is based in Bloomington, Minnesota.

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 58 of 109
Sector (Business Services) 5 of 10
Type (Add-on Acquisition) 55 of 105
State (Minnesota) 4 of 7
Country (United States) 58 of 103
Year (2018) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Servco Pacific Insurance

Honolulu, Hawaii, United States

Servco Pacific Insurance is a multi-line insurance brokerage firm with multiple offices in Hawaii and the Pacific Northwest, offering a suite of insurance solutions including commercial and personal property & casualty, employee benefits and multiple specialties, including marine, construction and professional liability.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 C & C Risk Services

Texas, United States

C & C Risk Services LLC is a managing general agent providing excess public entity insurance coverage to municipalities in Texas and Florida.

Buy -
Mergr

Product

Company

Legal