J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Mark K. Ackerman, the sole shareholder of Insurance Management Group, Inc. (IMG), announced that Brown & Brown of South Carolina, Inc. has acquired substantially all of the assets of IMG.
IMG was founded in 1977 and specializes in providing a wide range of employee benefits and property and casualty insurance products and services to businesses and individuals throughout South Carolina.
Following the acquisition, the IMG team will operate from their existing office as a branch location of Brown & Brown’s South Carolina retail operations under the leadership of Todd Tyler, executive vice president of Brown & Brown of South Carolina. Mike Keeby, a regional president in Brown & Brown’s Retail Segment, will have oversight responsibility over the newly combined South Carolina retail operations.
Tyler said the acquisition will help Brown & Brown continue building its presence in South Carolina.
Brown & Brown, Inc. is an insurance brokerage firm, providing risk management to individuals and businesses.
Topics Mergers & Acquisitions
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