M&A Deal Summary

Brown & Brown Acquires Lumbermens Insurance and Risk Solutions

On February 5, 2016, Brown & Brown acquired insurance company Lumbermens Insurance and Risk Solutions

Acquisition Highlights
  • This is Brown & Brown’s 41st transaction in the Insurance sector.
  • This is Brown & Brown’s 44th transaction in the United States.
  • This is Brown & Brown’s 2nd transaction in Oregon.

M&A Deal Summary

Date 2016-02-05
Target Lumbermens Insurance and Risk Solutions
Sector Insurance
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

Lumbermens Insurance and Risk Solutions

Bend, Oregon, United States
Lumbermens Insurance and Risk Solutions is a provider of personal lines and commercial insurance services from offices in Bend, Oregon.

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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 44 of 109
Sector (Insurance) 41 of 97
Type (Add-on Acquisition) 42 of 105
State (Oregon) 2 of 3
Country (United States) 44 of 103
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-17 Ocean Marine Insurance Agency

Warwick, Rhode Island, United States

Ocean Marine Insurance Agency, Inc. is a provider of maritime insurance products, including insurance for commercial fishing vessels, commercial vessels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-08 Social Security Advocates for the Disabled

Norwell, Massachusetts, United States

Social Security Advocates for the Disabled LLC is a provider of Social Security disability insurance ("SSDI") advocacy services to individual clients on behalf of long-term disability insurance carriers.

Buy -