Brown & Brown, Inc. Announces the Asset Acquisition of Insurance Management Group, Inc.
DAYTONA BEACH, FL — J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Mark K. Ackerman, the sole shareholder of Insurance Management Group, Inc. (“IMG”), announced that Brown & Brown of South Carolina, Inc. has acquired substantially all of the assets of IMG.
IMG was founded in 1977 and specializes in providing a wide range of employee benefits and property and casualty insurance products and services to businesses and individuals throughout South Carolina. Following the acquisition, the IMG team will operate from their existing office as a branch location of Brown & Brown’s South Carolina retail operations under the leadership of Todd Tyler, Executive Vice President of Brown & Brown of South Carolina. Mike Keeby, a Regional President in Brown & Brown’s Retail Segment, will have oversight responsibility over the newly combined South Carolina retail operations.
Mr. Tyler stated, “Mark and his highly talented team have evolved IMG into one of the top full-service, independent agencies in the area. We are excited to join forces to continue building our presence in South Carolina and look forward to the growth opportunities ahead.”
“The foundation of a successful agency is providing clients with excellent service. This transaction allows our team to join an industry-leading team of professionals with superior knowledge and cutting-edge technology. Becoming part of the Brown & Brown team enhances our ability to serve our clients,” said Mark Ackerman.