Kibble & Prentice Acquires P. Robert Brown

August 30, 2002

Kibble & Prentice continues to implement its acquisition strategy by acquiring P. Robert Brown Inc., a 30-year-old Seattle-based insurance brokerage. As the industry becomes more complex, providing customers with a full range of insurance and employee benefits requires more critical mass.

By adding P. Robert Brown Inc., as well as the two additional acquisitions made in the last 60 days, Kibble & Prentice is both achieving that critical mass and staying independent for better customer service than national companies can provide. Five employees of P. Robert Brown will join Kibble & Prentice’s Seattle office, bringing with them 500 clients.

“In any acquisition, both parties have to feel out whether approaches to customer service, quality and culture are compatible,” said Arnie Prentice, CEO and chairman of the board of Kibble & Prentice. “We’re happy to report that our respected colleague P. Robert Brown felt that his clients will be in good hands with us. We’ll bring his clients additional products and services and the tradition of Kibble & Prentice quality, and P. Robert Brown helps us in our quest to stay independent in an era where national consolidation is the order of the day.”

The acquisition is part of Kibble & Prentice’s strategy to remain independent and local through controlled growth. The acquisition brings Kibble & Prentice’s employee count to 160, and its premium totals to more than $230 million.

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