Brown & Brown, Inc. announces the acquisition of Rainmaker
DAYTONA BEACH, Fla., December 14, 2021 (GLOBE NEWSWIRE) – J. Scott Penny, director of acquisitions of Brown & Brown, Inc. (NYSE: BRO), and Ryan Hanlon, owner of Rainmaker Advisory, LLC (“Rainmaker“), today announced that Brown & Brown Dealer Services (“BBDS”) Has acquired substantially all of the assets of Rainmaker.
Ryan Hanlon is a seasoned F&I and reinsurance product planning consultant for automotive and recreational vehicle dealers. Rainmaker Operations will join Brown & Brown Dealer Services under the leadership of Mike Neal. Ryan and Team Rainmaker will continue to operate from their offices in Ventura, California.
Mike said: “We are excited about the capabilities Ryan and his team bring to BBDS, both in their in-depth knowledge to further enhance our capabilities for our dealer customers and in establishing a presence on the West Coast for our larger team. Our shared values of customer first and foremost along with our industry leading knowledge of the industry confirms that the Rainmaker team is a natural fit for Brown & Brown Dealer Services. We look forward to our future together.
Ryan said, “We are delighted to join the BBDS team and excited about the collaborative opportunities created by this acquisition. BBDS has an incredibly talented team and resources that will allow us to better serve our dealer customers. The future is bright and we are grateful for the opportunity to build a presence on the West Coast with Brown & Brown. “
About Brown & Brown, Inc.
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, providing risk management solutions to individuals and businesses since 1939. With over 11,000 teammates at over 300 locations in the U.S. and select global markets, we’re committed to delivering innovative strategies to help protect what our customers value most. For more information, please visit www.bbinsurance.com.
This press release may contain certain statements relating to future results that are forward-looking statements, including those associated with this acquisition. These statements are not historical facts, but represent only Brown & Brown’s current belief regarding future events, many of which by their nature are inherently uncertain and beyond Brown & Brown’s control. It is possible that the actual results and financial condition of Brown & Brown will differ, perhaps materially, from the anticipated results and financial condition shown in these forward-looking statements. Further information regarding Brown & Brown and its business, including factors that could potentially materially affect Brown & Brown’s results and financial condition, as well as its other accomplishments, is contained in the documents filed by Brown & Brown with the Securities and Exchange Commission. These factors include factors relevant to the completion and integration by Brown & Brown of the announced acquisition, including all matters analyzed in the due diligence process, and material adverse changes in the business and financial condition of the seller, the buyer or both, and their respective customers. All forward-looking statements made here are made only as of the date of this release, and Brown & Brown assumes no obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that occur by the continuation or which Brown & Brown subsequently becomes aware of.
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R. Andrew Watts