M&A Deal Summary

Brown & Brown Acquires First Resource

On July 9, 2020, Brown & Brown acquired insurance company First Resource

Acquisition Highlights
  • This is Brown & Brown’s 82nd transaction in the Insurance sector.
  • This is Brown & Brown’s 87th transaction in the United States.
  • This is Brown & Brown’s 3rd transaction in Tennessee.

M&A Deal Summary
Date 2020-07-09
Target First Resource
Sector Insurance
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

First Resource

New Braunfels, Tennessee, United States
Since 2004, First Resource has been assisting its dealer partners to better serve their valued clientele by providing strategies around F&I performance management, sales training, and F&I product solutions.

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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 88 of 109
Sector (Insurance) 82 of 97
Type (Add-on Acquisition) 84 of 105
State (Tennessee) 3 of 3
Country (United States) 87 of 103
Year (2020) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 RLA Insurance Intermediaries

Boston, Massachusetts, United States

RLA Insurance Intermediaries LLC is a wholesale insurance broker serving retail insurance agents. RLA Insurance specializes in offering professional lines, property, and casualty, and healthcare coverages to meet the needs of businesses throughout the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Piper Jordan

San Diego, California, United States

Piper Jordan is an employee benefits advisory firm providing a spectrum of services, including benefits consulting, administration, advocacy, and communication. Piper Jordan is based in San Diego, California.

Buy -
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