Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all assets of Arlington, Texas-based Dealer Associates Inc. (DAI), the company reported.
Since 1990, DAI has provided a broad range of finance and insurance (F&I) products, coupled with F&I, sales and service training, financial performance consulting, and reinsurance management services for auto dealers in Texas and other states. DAI has annual revenues of approximately $8.5 million.
DAI principals Tony Fincannon, Rick Messenger and their DAI team will join the Brown & Brown Dealer Services practice, which operates under the leadership of Mike Neal, president of Brown & Brown of Kentucky Inc.
Brown & Brown Inc., through its subsidiaries, offers a broad range of insurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services.
Source: Brown & Brown Inc.
Topics Mergers & Acquisitions Texas
Was this article valuable?
Here are more articles you may enjoy.
Jury Awards 78-Year-Old Victim $56 Million for Crash Caused by Amazon Delivery Driver 
US Mortgage Rates Rise for Third Straight Week 
FDA Says It’s Investigating Another Cyclospora Parasite Outbreak 
Zurich CEO Says Staff Let Go as Regulator Finma Imposes Partial Sales Ban 
