Brown & Brown, Inc. Announces the Asset Acquisition of Yozell Associates
DAYTONA BEACH, — J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and John Yozell, the principal of Yozell Associates, announced that Brown & Brown of Massachusetts, LLC has acquired substantially all of the assets of Yozell.
Founded in 1960 by John’s father, Peter Yozell, Yozell Associates strives to provide its customers with the best possible value in group employee and executive benefits products and services. Yozell Associates provides a depth of experience and a caring approach to problem resolution for many diverse organizations, non-profit and for profit alike. Following the transaction, John and his team will operate as a new stand-alone office within Brown & Brown’s Retail Segment and will continue doing business under the leadership of John Yozell and Marijane Norris Geary from the office located in Boston, Massachusetts.
Barrett Brown, Senior Vice President in Brown & Brown’s Retail Segment, stated, “John and his dedicated team have a long history of providing successful employee benefit solutions in the New England area. The Yozell team is customer focused, community driven and committed to incentivize, train and attract top talent. Like Brown & Brown, one part of the core Yozell mission is providing personal attention and developing unique insurance solutions for its customers. The Yozell team will strengthen our employee benefits capabilities.”
John Yozell stated, “After a thorough search, we are excited to join a robust national organization with the resources the future demands.”