Brown & Brown Announces Asset Acquisition of Agency Associates

J. Scott Penny, regional executive vice president of Brown & Brown, Inc., and Frederick W. “Fred” McClaine, B. Michael Haffey and Ronald L. “Ron” Smith, principals of Agency Associates, Inc., announced on Nov. 13 the asset acquisition of Agency Associates, Inc. and certain affiliated entities by a subsidiary of Brown & Brown, Inc.

Agency Associates and its affiliates, with combined annual revenues of approximately $5.2 million, offer property and casualty insurance, individual and group employee benefits insurance, and financial planning products and services to individuals and businesses throughout Indiana. Agency Associates serves professional and trade associations, as well as individuals, businesses and non-profit organizations, throughout Indiana and the region.

McClaine, Haffey, Smith and their producers and staff will join Brown & Brown and continue to serve clients from the Zionsville, Kokomo, and Mishawaka, Indiana locations. In coordination with Brown & Brown of Indiana, Inc.’s executive vice president, Eric E. Anderson, Brown & Brown’s Indianapolis office and Agency Associates’ Zionsville office will move into one location in “Northside Corridor” of the greater Indianapolis area. At that time the combined office will be under the leadership of Fred McClaine.

For more information go to www.bbinsurance.com.

Source: Brown & Brown, Inc.

Topics Mergers & Acquisitions