M&A Deal Summary

Brown & Brown Acquires Waldor Agency

On March 8, 2004, Brown & Brown acquired insurance company Waldor Agency

Acquisition Highlights
  • This is Brown & Brown’s 2nd transaction in the Insurance sector.
  • This is Brown & Brown’s 2nd transaction in the United States.
  • This is Brown & Brown’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2004-03-08
Target Waldor Agency
Sector Insurance
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

Waldor Agency

Florham Park, New Jersey, United States
Waldor Agency, Inc. is a retail insurance agency which serves the general commercial property and casualty insurance needs of a wide range of clients throughout New Jersey and surrounding states.

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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 2 of 109
Sector (Insurance) 2 of 97
Type (Add-on Acquisition) 2 of 105
State (New Jersey) 2 of 5
Country (United States) 2 of 103
Year (2004) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-08 Statfeld Vantage Insurance Group

Florham Park, New Jersey, United States

Statfeld Vantage Insurance Group is a general insurance agency serving a broad array of clients in New Jersey and surrounding states, with a specialization in benefits consulting and plan design.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-03 American Specialty Insurance & Risk Services

Roanoke, Indiana, United States

American Specialty Insurance & Risk Services is a sports and entertainment insurance broker.

Buy -
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