Brown & Brown Inc. announced that its wholesale brokerage division, Hull & Company, has acquired certain assets of RF Ougheltree & Associates LLC in Lyndhurst, New Jersey. Terms of the transaction were not disclosed.
RF Ougheltree & Associates was founded in 2000 by Bob Ougheltree as a specialty intermediary focused solely on executive and professional liability insurance for public and privately held companies. The firm has annual revenues of approximately $1.0 million.
Following the transaction, Bob Ougheltree and members of the RF Ougheltree team will continue to serve their clients and carrier partners as part of Hull & Company’s operations in New Jersey, Brown & Brown said in the announcement.
Florida-based national insurance broker Brown & Brown Inc., through its subsidiaries, offers insurance and reinsurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration and other services. Brown & Brown serves business, public entity, individual, trade and professional association clients nationwide.
Topics Mergers & Acquisitions New Jersey
Was this article valuable?
Here are more articles you may enjoy.
Former Congressman Charged After Collision with State Trooper in Florida 
Progressive Gains as Drivers Shop Around for Auto Insurance—Again 
4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says 
Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers 
