M&A Deal Summary

Brown & Brown Acquires Claim Technologies

On May 16, 2022, Brown & Brown acquired information technology company Claim Technologies

Acquisition Highlights
  • This is Brown & Brown’s 2nd transaction in the Information Technology sector.
  • This is Brown & Brown’s 95th transaction in the United States.
  • This is Brown & Brown’s 1st transaction in Iowa.

M&A Deal Summary
Date 2022-05-16
Target Claim Technologies
Sector Information Technology
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

Claim Technologies

Des Moines, Iowa, United States
Claim Technologies uses its proprietary software to offer a wide variety of benefit plan audits to governmental and private employers throughout the United States. Claim Technologies was formed in 1990 and is based in Des Moines, Iowa.

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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 99 of 109
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 95 of 105
State (Iowa) 1 of 1
Country (United States) 95 of 103
Year (2022) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Patrick Quinlan Insurance

Dublin , Ireland

Patrick Quinlan Insurance is a boutique-style commercial insurance brokerage, offering meaningful professional commercial insurance advice, services and solutions to a wide range of commercial segments. Patrick Quinlan Insurance was established in 2008 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Dealer Specialties

Monroe, Ohio, United States

Dealer Specialties is an independent sales and service organization providing F&I products and sales support to automotive and power sports dealers primarily in New York state.

Buy -
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