M&A Deal Summary

Brown & Brown Acquires Servco Pacific Insurance

On May 1, 2018, Brown & Brown acquired insurance company Servco Pacific Insurance

Acquisition Highlights
  • This is Brown & Brown’s 53rd transaction in the Insurance sector.
  • This is Brown & Brown’s 57th transaction in the United States.
  • This is Brown & Brown’s 1st transaction in Hawaii.

M&A Deal Summary
Date 2018-05-01
Target Servco Pacific Insurance
Sector Insurance
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

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.

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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 57 of 109
Sector (Insurance) 53 of 97
Type (Add-on Acquisition) 54 of 105
State (Hawaii) 1 of 1
Country (United States) 57 of 103
Year (2018) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Kerxton Insurance Agency

Gainesville, Virginia, United States

Kerxton Insurance Agency, Inc. is a provider of personal and business insurance products and services to clients in the Mid-Atlantic Region and throughout the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 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.

Buy -
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