Brown & Brown, Inc. Announces the Asset Acquisition of Jacksonville Agency
- September 19, 2018
Brown & Brown, Inc. Announces the Asset Acquisition of Vandroff Insurance Agency, Inc.
DAYTONA BEACH, FL -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc., and David Vandroff, the sole shareholder of Vandroff Insurance, announced that Brown & Brown of Florida, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Vandroff Insurance Agency, Inc. (“Vandroff Insurance”).
Vandroff Insurance is a 120-year old family owned agency in Jacksonville. Today, Vandroff Insurance provides a wide variety of personal and business insurance products and services to clients in Jacksonville and Northern Florida and has annual revenue of approximately $1,000,000. David Vandroff and his team will join Brown & Brown’s Jacksonville, Florida office, led by Josh Becksmith and reporting to Michael Keeby, Regional President of Brown & Brown Retail.
Josh Becksmith stated, “Vandroff Insurance has been a fixture in Jacksonville for over a century. David has carried the legacy of the firm since 1983. We are excited about the opportunities of joining the experience of the Vandroff team with our team in Jacksonville.”
David Vandroff stated, “Team Vandroff is excited with the opportunity of working with one of the most respected firms in the insurance industry. The additional resources and expertise available through Brown & Brown will be a big benefit to all of our clients.”