Brown & Brown Acquires Texas Agency

June 25, 2003

Florida-based Brown & Brown Inc. acquired the assets of Bailey-Gosling Associates Inc., a retail commercial property/casualty insurance agency located in San Antonio, Texas. The acquisition announcement was made jointly by Brown & Brown president and COO Jim W. Henderson, and Travis D. Bailey, Jr., president of Bailey-Gosling Associates.

Bailey-Gosling Associates, with annualized revenues of approximately $1.6 million, has been serving clients throughout the greater San Antonio area for over 30 years. Mike Smith, executive vice president of Bailey-Gosling Associates, will assume the role of Profit Center manager for this new Brown & Brown stand-alone operation, which will report to Bill Harrison, Jr. at Brown & Brown’s existing San Antonio profit center, Coleman Company Insurance Services.

Henderson commented that, “Travis, Mike and the Bailey-Gosling team have the same middle-market client-focused attitude that is a Brown & Brown hallmark. Their addition represents a very positive development in our strategy for continued growth in the vibrant Texas market and, in this case, specifically the greater San Antonio area. We are quite pleased to welcome this dedicated team to our growing family of Texas insurance professionals.”

Brown & Brown and its subsidiaries provide a broad range of insurance and reinsurance products and services, as well as risk management, employee benefit administration, and managed health care services through offices located across the U. S.

Topics Mergers Texas

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