wholesale broker M&A News

Worldwide Facilities Completes Acquisition of Sullivan Group

Worldwide Facilities has completed its acquisition of Gerald J. Sullivan & Associates, a national specialty intermediary that trades as The Sullivan Group. Worldwide Facilities acquired all of the outstanding capital stock of Sullivan. No other details of the transaction, which …

Why Wholesale Insurance Brokers Are Under Continuing Pressure to Sell

Wholesale insurance brokers have been selling off their businesses and it’s not because they are all ready to retire. As in the retail agency segment, consolidation among wholesale brokerages is being driven by buyers with plenty of money to spend, …

Correction: Brown & Brown’s Hull Acquires Insurance House Commercial MGA Business

Hull & Co., a wholesale insurance subsidiary of giant Brown & Brown, has acquired the commercial managing general agency operations of Insurance House. Insurance House is an MGA and wholesale insurance broker offering commercial and personal lines insurance products to …