Brown & Brown Makes Moves in Washington, California

November 5, 2001

Brown & Brown Inc. and Raleigh, Schwarz & Powell Inc. as well as Golden Gate Holdings Inc., based respectively in Tacoma, Wash., and Novato, Calif. announced the finalization of their previously announced merger transactions, providing for the merger of each of Raleigh, Schwarz & Powell and Golden Gate Holdings with Brown & Brown subsidiaries.

Raleigh, Schwarz & Powell Inc., and Golden Gate Holdings Inc., with combined annualized revenues of approximately $20 million, are West Coast property and casualty agencies. The combining of these two firms with Brown & Brown represents Brown & Brown’s initial entry into the Pacific Northwest as well as an expansion of the company’s presence in the San Francisco Bay area.

The offices of the two firms will continue to operate at their current locations as freestanding Brown & Brown operations.

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