Brown & Brown, Inc. has announced that its Brown & Brown Dealer Services division has acquired the assets of The Protectorate Group Insurance Agency, Inc., which does business as American Adventure Insurance. J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Paul Bender, owner of American Adventure, announced the transaction.
American Adventure specializes in providing insurance solutions for a wide range of vehicles at the dealership level. These include motor homes, travel trailers, campers, boats, personal watercraft, and motorcycles. In addition, the company provides finance and insurance products to automotive dealers and commercial insurance solutions.
Paul Bender leads American Adventure and brings more than 30 years of experience partnering with dealers to deliver on-the-spot insurance products for their customers. As part of the transaction, the American Adventure team will join Brown & Brown Dealer Services and continue to operate nationwide. Bender and his team will report to Mike Neal, president of Brown & Brown Dealer Services.
Neal said Bender has built a reputation for enabling dealer partners by providing best-in-class insurance products for shared customers. He added that the American Adventure team will expand and enhance Brown & Brown Dealer Services’ capabilities and introduce additional innovative solutions for dealers nationwide. Neal also said he looks forward to welcoming Bender and his team to Brown & Brown.
Bender said he has built a dealer-centric model since 1992 and described American Adventure as a reflection of that original approach, focused on moving quickly and taking care of dealers and their customers. He noted that the company’s network of more than 1,500 dealerships, combined with Brown & Brown’s depth of products and expertise, creates a platform designed to help the organization scale. He also said he looks forward to building the next chapter with Neal and the Brown & Brown Dealer Services team.
Brown & Brown, Inc., which trades on the New York Stock Exchange under the symbol BRO, is an insurance brokerage firm that has delivered specialized insurance solutions since 1939. The company operates in more than 700 locations globally and employs more than 23,000 professionals. Brown & Brown provides scalable and innovative strategies to support customers throughout their growth.
The company stated that the press release may contain forward-looking statements regarding future results, including those related to the acquisition. These statements reflect the company’s current beliefs regarding future events, many of which are uncertain and outside of the company’s control. Actual results and financial condition may differ materially from anticipated results described in forward-looking statements.
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