Insurance agency Brown & Brown has acquired the assets of two agencies specializing in the recreational vehicle market. The businesses acquired are Agency Management Corp. (AMC) and its affiliate, Recreational Protection Management Inc. (RPI), both of Bradenton, Florida, and both owned by Clay S. Purton.
Following the transaction, Purton and the rest of the AMC and RPI team will join Brown & Brown’s branch location in Tampa, Florida. Brown & Brown’s National RV Center is based in Columbia, Kentucky and also has locations in Simi Valley, California and Albany, New York.
The National RV Center operates under the leadership of Mike Neal, executive vice president of Brown & Brown of Kentucky.
AMC provides extended vehicle service contracts, appearance protection, gap protection, roadside assistance protection, tire/wheel protection, and other similar products to RV dealerships and their customers throughout the southeastern United States.
RPI, an affiliate of AMC, offers personal lines property/casualty insurance products and services for recreational vehicles, including RVs, boats, motorcycles and other power sport vehicles.
AMC and RPI have combined annual net revenues of $1.6 million, according to the announcement.
Brown & Brown’s Neal said the transaction allows his firm to strengthen its National RV Center’s operations throughout the Southeast and nationwide.