M&A Deal Summary

Brown & Brown Acquires Loan Protector Insurance Services

On March 10, 2020, Brown & Brown acquired insurance company Loan Protector Insurance Services from Willis HRH

Acquisition Highlights
  • This is Brown & Brown’s 79th transaction in the Insurance sector.
  • This is Brown & Brown’s 84th transaction in the United States.
  • This is Brown & Brown’s 4th transaction in Ohio.

M&A Deal Summary

Date 2020-03-10
Target Loan Protector Insurance Services
Sector Insurance
Buyer(s) Brown & Brown
Sellers(s) Willis HRH
Deal Type Divestiture

Target

Loan Protector Insurance Services

Solon, Ohio, United States
Loan Protector Insurance Services, Inc. has focused on lender-placed insurance and insurance tracking services for the mortgage servicing industry.

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Buyer(S) 1

Buyer

Brown & Brown

Daytona Beach, Florida, United States

Category Company
Founded 1939
Sector Insurance
Employees16,152
Revenue 4.7B USD (2024)
DESCRIPTION
Brown & Brown's headquarters in Daytona Beach, Florida.
Brown & Brown's headquarters in Daytona Beach, Florida.

Brown & Brown provides 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 85 of 111
Sector: Insurance M&A 79 of 98
Type: Divestiture M&A Deals 4 of 4
State: Ohio M&A 4 of 5
Country: United States M&A 84 of 105
Year: 2020 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-06 Northeast Dealer Consultants

Marcy, New York, United States

Northeast Dealer Consultants, Inc. (NEDC) is a family-owned agency providing the Automotive and Power sports industry. NEDC offers products and a process that is proven to succeed. Northeast Dealer Consultants, Inc. (NEDC) assists its dealer clients with F&I performance and compliance management in New York and surrounding states.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-12 The Colonial Group

Greensboro, North Carolina, United States

The Colonial Group is a managing general agency for independent retail insurance agents placing property and casualty insurance for businesses and individuals primarily in the Southeast. The Colonial Group specializes in the areas of housing, recreational, and specialty insurance services.

Buy -

Seller(S) 1

SELLER

Willis HRH

New York, New York, United States

Category Company
Founded 1982
Sector Insurance
Employees4,200
DESCRIPTION

Willis HRH, Inc. is a provider of insurance intermediary services in the United States.


DEAL STATS #
Overall 3 of 3
Sector: Insurance M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
State: Ohio M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-09 The Managing Agency Group

Shelton,, Connecticut, United States

The Managing Agency Group is a wholesale broker and administrator of employee benefit plans for small and mid-sized employer groups of 2 to 300 employees. In addition, MAG-EB serves as a brokerage general agency of employee benefit plans for over 30 major carriers.

Sell -