Insurance agency Brown & Brown announced that its dealer services division has acquired the assets of DealerMax.
DealerMax, founded in 1982 by Jim Maxim, Sr. as Maxim Automotive, serves car dealer customers in Pennsylvania and throughout the Northeast offering finance and insurance (F&I) training and product offerings.
The DealerMax team will join Brown & Brown Dealer Services and continue to operate from Berwyn, Pennsylvania.
The team will report to Robert Hunter, president of Automotive F&I. Co-owner Jim Maxim, Jr. will remain with the his company during the transition period.
Brown & Brown (NYSE: BRO) is a Florida-based global insurance brokerage firm.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Lawyers, Traders Among 30 Charged in Global Insider Trading Case 
Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW 
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul 
Health Officials Downplay Pandemic Risk From Cruise Hantavirus Outbreak 
