Brown & Brown Acquires Doyle Consulting Group

February 2, 2004

Florida’s Brown & Brown, Inc announced the asset acquisition of Doyle Consulting Group, Inc. and Doyle Consulting Group of New Jersey, Inc. with offices in Philadelphia, Penna. and Woodbridge, N.J. by a Delaware subsidiary of B&B, effective February 1, 2004.

The announcement by Thomas E. Riley, B&B’s Regional Executive VP and Francis L. “Frank” Doyle, III, Group CEO, said Doyle had “total annualized revenues of approximately $6.5 million, and is engaged primarily in the specialized insurance arena of benefit plan consulting and related services, serving the employee benefits needs of clients throughout the greater Delaware Valley region.”

Frank Doyle will become a member of Brown & Brown’s Executive Committee and will continue as Profit Center Manager. He will be joined by Kevin Mullin and their current staff and will continue to operate from their existing locations as freestanding Brown & Brown offices.

Riley, who’s responsible for operations in the Northeastern U.S., noted, “We are very pleased to have this fine group of insurance professionals join Brown & Brown. Frank, Kevin, and their team bring us new talents and expertise. They are a welcome addition to our growing presence in both the Commonwealth and the Garden State.”

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