Brown & Brown Acquires BeneTec Inc. of Ark.

Florida’s Brown & Brown Inc. reported its asset acquisition of BeneTec Inc. of Arkansas headquartered in Rogers, Ark. The announcement regarding the acquisition was made jointly by C. Roy Bridges, regional executive vice president of Brown & Brown, and BeneTec principals Robert B. and Cindy A. Borden.

BeneTec, with annualized revenues exceeding one-half million dollars, is an insurance agency specializing in serving the employee benefits needs of clients throughout the Ozark region.

Cindy Borden and her staff will continue to serve their customers from their current location, as a branch operation of Brown & Brown’s existing Arkansas subsidiary, under the direction of Joseph S. Guercio. It is planned that the services offered in the Rogers location will be expanded to include a full range of insurance services and products.

Roy Bridges, who is responsible for Brown & Brown’s operations in most of the South Central United States, noted, “We are quite pleased to have Cindy and Bob Borden and their team of insurance specialists join our growing Arkansas presence. Their addition further expands our Arkansas base and represents our initial expansion into the rapidly-growing region of Northwest Arkansas and Southwestern Missouri.”

Topics Mergers & Acquisitions