M&A Deal Summary

Brown & Brown Acquires Pacific Resources Benefits Advisors

On April 24, 2014, Brown & Brown acquired business services company Pacific Resources Benefits Advisors

Acquisition Highlights
  • This is Brown & Brown’s 2nd transaction in the Business Services sector.
  • This is Brown & Brown’s 27th transaction in the United States.
  • This is Brown & Brown’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2014-04-24
Target Pacific Resources Benefits Advisors
Sector Business Services
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

Pacific Resources Benefits Advisors

Chicago, Illinois, United States
Pacific Resources Benefits Advisors, an independent employee benefits advisory firm working with Fortune-ranked and other large companies.

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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 27 of 109
Sector (Business Services) 2 of 10
Type (Add-on Acquisition) 25 of 105
State (Illinois) 2 of 3
Country (United States) 27 of 103
Year (2014) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-15 The Wright Insurance Group

Uniondale, New York, United States

The Wright Insurance Group LLC is a provider of underwriting, claims, risk management and litigation management services to the education and public entity sectors for more than 20 years. Company have been serving the insurance needs of the food industry since 1995.

Buy $602M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-12 Recreational Protection Management

Brandon,, Florida, United States

Recreational Protection Management, offers personal lines property and casualty insurance products and services for recreational vehicles, including RVs, boats, motorcycles and other power sport vehicles.

Buy -