Add-on Acquisition • Business Services

Brown & Brown Acquires Piper Jordan

On May 17, 2021, Brown & Brown acquired business services company Piper Jordan

Acquisition Context
  • This is Brown & Brown’s 6th transaction in the Business Services sector.
  • This is Brown & Brown’s 88th transaction in the United States.
  • This is Brown & Brown’s 3rd transaction in California.

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M&A Deal Summary

Date May 17, 2021
Target Piper Jordan
Sector Business Services
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target Company

Piper Jordan

San Diego, California, United States
Piper Jordan is an employee benefits advisory firm providing a spectrum of services, including benefits consulting, administration, advocacy, and communication. Piper Jordan is based in San Diego, California.
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Buyer Overview 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 Context for Buyer #
Overall 89 of 111
Sector: Business Services 6 of 10
Type: Add-on Acquisition 85 of 107
State: California 3 of 4
Country: United States 88 of 105
Year: 2021 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-09 First Resource

New Braunfels, Tennessee, United States

Since 2004, First Resource has been assisting its dealer partners to better serve their valued clientele by providing strategies around F&I performance management, sales training, and F&I product solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-13 Sudler Insurance Services

United States

Sudler Insurance Services provides employee benefits products and services to customers throughout Florida, Michigan, and South Carolina.

Buy -