Brown & Brown, Inc. enters into agreement to acquire Patrick Quinlan Insurance
DAYTONA Beach, Fla., April 29, 2022 (World NEWSWIRE) — J. Scott Penny, main acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Patrick Quinlan, the owner of Patrick Quinlan Insurance coverage (“Quinlan Insurance”), currently introduced that Brown & Brown, Inc. (“Brown & Brown”) has entered into an settlement to obtain the normal insurance plan functions of Quinlan Insurance policies. The transaction is expected to near in late June 2022, matter to specified closing ailments.
With over 35 many years of experience in the insurance advisory small business, Patrick Quinlan proven Quinlan Insurance plan in Dublin in 2008 as a boutique-type business coverage brokerage, offering meaningful experienced commercial insurance policies suggestions, products and services and alternatives to a extensive array of commercial segments. Today, the 10 seasoned insurance policy advisors on the Quinlan Insurance policy workforce specialize in delivering home insurance coverage options to apartment block management businesses and house house owners and their agents.
Barrett Brown, president of Brown & Brown’s Retail phase, said, “Patrick demonstrated the entrepreneurial spirit valued by Brown & Brown in setting up his successful company. We are psyched about the abilities that the Quinlan Insurance policy team brings to our O’Leary Insurances functions and the more growth and enhancement of our presence in Dublin.”
Patrick Quinlan mentioned, “I actually welcome this arrangement. It will advantage our prospects and our staff members and provides certainty in these uncertain moments. This opportunity will let us to proceed developing our enterprise and concentrating on our shoppers in partnership with O’Leary Insurances and Brown & Brown.”
Brown & Brown, Inc. is a leading insurance plan brokerage firm delivering risk administration methods to persons and corporations since 1939. With additional than 12,000 teammates in 350+ locations throughout the U.S. and pick out world-wide markets, we are committed to furnishing revolutionary methods to help defend what our shoppers price most. For much more facts or to obtain an place of work near you, be sure to visit bbinsurance.com.
This push release may well incorporate specified statements relating to upcoming outcomes which are forward-on the lookout statements, including those people connected with this acquisition. These statements are not historic points, but as an alternative symbolize only Brown & Brown’s latest perception with regards to foreseeable future occasions, quite a few of which, by their nature, are inherently uncertain and outside the house of Brown & Brown’s regulate. It is feasible that Brown & Brown’s precise success and fiscal ailment may well differ, perhaps materially, from the predicted final results and economical affliction indicated in these forward-on the lookout statements. Additional data about Brown & Brown and its business, which includes variables that potentially could materially have an impact on Brown & Brown’s financial success and situation, as very well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Trade Commission. These types of variables include individuals variables suitable to Brown & Brown’s consummation and integration of the announced acquisition, such as any matters analyzed in the due diligence process, and materials adverse changes in the enterprise and economical issue of the vendor, the customer, or the two, and their respective shoppers. All forward-hunting statements built herein are built only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or suitable any forward-wanting statements to mirror situations or conditions that subsequently take place or of which Brown & Brown hereafter turns into knowledgeable.
For more data:
R. Andrew Watts
Chief economical officer
(386) 239-5770
