Brown & Brown of Kentucky, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of FNI Management Group, according to an announcement by Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Howard Brinn and Mike Mitchell, the principals of FNI.
FNI provides F&I products and training to enhance dealer financial performance in the Chicagoland market. FNI has annual revenues of approximately $1.5 million.
Brinn and Mitchell will become part of the Brown & Brown auto, RV and powersports practice, working with the Automotive Development Group team. The entire practice will operate under the leadership of Mike Neal, president of Brown & Brown of Kentucky, Inc.
Brown & Brown, Inc., through its subsidiaries, offers a range of insurance 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
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