M&A Deal Summary

Brown & Brown Acquires Texas Security General Insurance Agency

On September 14, 2012, Brown & Brown acquired insurance company Texas Security General Insurance Agency

Acquisition Highlights
  • This is Brown & Brown’s 19th transaction in the Insurance sector.
  • This is Brown & Brown’s 20th transaction in the United States.
  • This is Brown & Brown’s 2nd transaction in Texas.

M&A Deal Summary

Date 2012-09-14
Target Texas Security General Insurance Agency
Sector Insurance
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

Texas Security General Insurance Agency

San Antonio, Texas, United States
Texas Security General Insurance Agency, Inc. is a managing general insurance agency. TSGA offers claims management services and personal and commercial lines coverages throughout Texas.

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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 20 of 109
Sector (Insurance) 19 of 97
Type (Add-on Acquisition) 19 of 105
State (Texas) 2 of 8
Country (United States) 20 of 103
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-09 Arrowhead General Insurance Agency

San Diego, California, United States

Arrowhead General Insurance Agency, Inc. is a national insurance program manager and one of the largest managing general agents in the property and casualty insurance industry.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-18 Behnke & Associates

Hollywood, Florida, United States

Behnke & Associates specializes in providing personal lines property/casualty insurance products to clients throughout South Florida.

Buy -