M&A Deal Summary

Brown & Brown Acquires Social Security Advocates for the Disabled

On February 8, 2016, Brown & Brown acquired insurance company Social Security Advocates for the Disabled from Century Equity Partners

Acquisition Highlights
  • This is Brown & Brown’s 42nd transaction in the Insurance sector.
  • This is Brown & Brown’s 45th transaction in the United States.
  • This is Brown & Brown’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2016-02-08
Target Social Security Advocates for the Disabled
Sector Insurance
Buyer(s) Brown & Brown
Sellers(s) Century Equity Partners
Deal Type Add-on Acquisition

Target

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.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 45 of 109
Sector (Insurance) 42 of 97
Type (Add-on Acquisition) 43 of 105
State (Massachusetts) 2 of 8
Country (United States) 45 of 103
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-05 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 Morstan General Agency

Manhasset, New York, United States

Morstan General Agency is a privately held wholesale insurance agency that prides itself in providing the highest standard of quality and service in the industry. Company have been dedicated to serving thousands of clients with a wide range of products including Commercial lines, Personal lines, and Health and benefits.

Buy -

Seller(S) 1

SELLER

Century Equity Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 885M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Century Equity Partners is an asset management firm invests in lower middle-market companies located in the US. Century Equity Partners focuses on companies with rapidly growing, profitable businesses led by strong management teams with an enterprise value between $15 and $300 million and equity capital ranging from $5 to $30 million and in conjunction with its limited partners and select co-investors can commit up to $100 million to a single transaction. The Firm targets companies operating in the fields of financial services, insurance, and healthcare services. Types of transactions include buyouts and growth capital. It seeks minority interest and also considers co-invests. Century Equity Partners was formed in 1987 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 16 of 23
Sector (Insurance) 10 of 12
Type (Add-on Acquisition) 7 of 13
State (Massachusetts) 1 of 1
Country (United States) 10 of 17
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 Tysers

London, United Kingdom

Tysers is a specialty commercial property & casualty insurance brokerage firm headquartered in the U.K. Tysers serves as an intermediary between retail and/or wholesale insurance brokers to facilitate the placement of unusual, complex, or specialized coverages within the London market, notably to Lloyds of London, and global insurance markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-08 Conner Strong & Buckelew

Camden, New Jersey, United States

Conner Strong & Buckelew is a major insurance, risk management and employee benefits brokerage and consulting firm. Conner Strong offers customized programs designed to align with organizational goals and drive bottom-line growth. Conner Strong provides insurance and risk services to a wide range of industries including but not limited to aviation, construction, education, healthcare, hospitality & gaming, life science & technology, public entity, and real estate. Conner Strong & Buckelew was founded in 1959 and is based in Camden, New Jersey.

Buy -