Brown & Brown, Inc. Announces the Asset Acquisition of Manning & Nozick Insurance Agency
DAYTONA BEACH, FL — J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Brian Coffsky, Robert Franco and Stanley Westerman, the principals of Manning & Nozick, announced that Brown & Brown Insurance Agency of Georgia, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Manning & Nozick Insurance Agency, Inc.
Manning & Nozick has been a presence in Atlanta for over 70 years and has annual revenues of approximately $1.6 million. The firm provides a wide variety of personal and business insurance products and services to clients in the greater Atlanta area and nationally. Following the acquisition, Manning & Nozick will combine with Brown & Brown’s existing Atlanta offices and will operate under the leadership of Tim Soriano, President of Brown & Brown Insurance Agency of Georgia, and Barrett Brown, Regional President of Brown & Brown.
Mr. Soriano stated, “Manning & Nozick has been a fixture in the Atlanta brokerage market for many years. Brian, Robert and Stanley have continued the firm’s commitment to client service during their leadership. We are excited to bring their experience and knowledge of the needs of the greater Atlanta insurance market into the Brown & Brown team.”
Brian Coffsky, President of Manning & Nozick, stated, “We are very excited to join forces with Tim, Barrett and their entire team. We believe that Brown & Brown’s presence in the Atlanta market, combined with all the resources that Manning & Nozick will now have access to, will allow us to better serve our clients and accelerate the growth of our business.”