Brown & Brown, Inc. enters into agreement to acquire Patrick Quinlan Insurance
DAYTONA Beach front, Fla., April 29, 2022 (World NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Patrick Quinlan, the proprietor of Patrick Quinlan Insurance (“Quinlan Insurance plan”), currently declared that Brown & Brown, Inc. (“Brown & Brown”) has entered into an settlement to obtain the general insurance policy operations of Quinlan Insurance. The transaction is envisioned to shut in late June 2022, topic to particular closing problems.
With about 35 yrs of experience in the insurance coverage advisory business enterprise, Patrick Quinlan set up Quinlan Insurance coverage in Dublin in 2008 as a boutique-design commercial coverage brokerage, featuring significant skilled industrial insurance plan information, products and services and remedies to a vast vary of professional segments. Right now, the ten seasoned insurance policy advisors on the Quinlan Insurance plan group focus in furnishing assets insurance plan alternatives to apartment block management businesses and residence owners and their brokers.
Barrett Brown, president of Brown & Brown’s Retail section, stated, “Patrick demonstrated the entrepreneurial spirit valued by Brown & Brown in setting up his productive company. We are excited about the abilities that the Quinlan Insurance coverage team brings to our O’Leary Insurances operations and the further expansion and improvement of our presence in Dublin.”
Patrick Quinlan said, “I truly welcome this settlement. It will gain our prospects and our staff and gives certainty in these unsure instances. This opportunity will let us to continue on expanding our small business and focusing on our shoppers in partnership with O’Leary Insurances and Brown & Brown.”
Brown & Brown, Inc. is a foremost coverage brokerage agency providing chance administration alternatives to folks and firms considering the fact that 1939. With extra than 12,000 teammates in 350+ locations across the U.S. and select world wide marketplaces, we are fully commited to supplying ground breaking strategies to help shield what our customers value most. For extra facts or to come across an office close to you, please visit bbinsurance.com.
This push launch may possibly comprise sure statements relating to long term outcomes which are forward-wanting statements, like people related with this acquisition. These statements are not historic points, but instead represent only Brown & Brown’s recent perception regarding upcoming functions, quite a few of which, by their nature, are inherently uncertain and exterior of Brown & Brown’s control. It is doable that Brown & Brown’s genuine effects and economical problem may possibly vary, potentially materially, from the expected results and economical condition indicated in these forward-hunting statements. Even further data concerning Brown & Brown and its small business, like elements that probably could materially influence Brown & Brown’s economical results and ailment, as very well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Fee. This kind of things include things like those factors related to Brown & Brown’s consummation and integration of the declared acquisition, such as any matters analyzed in the owing diligence system, and materials adverse alterations in the company and fiscal situation of the vendor, the buyer, or equally, and their respective customers. All ahead-looking statements made herein are produced only as of the day of this launch, and Brown & Brown does not undertake any obligation to publicly update or appropriate any forward-wanting statements to reflect situations or situations that subsequently occur or of which Brown & Brown hereafter becomes informed.
For far more information:
R. Andrew Watts
Main money officer
(386) 239-5770
