Brown & Brown, Inc. Announces the Asset Acquisition of Events-focused Agency
- March 18, 2019
Brown & Brown, Inc. Announces the Asset Acquisition of Cossio Insurance Agency
DAYTONA BEACH, FL -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Larry and Marcela Cossio, the owners of Cossio Insurance Agency, today announced that Brown & Brown of South Carolina, Inc. has acquired substantially all of the assets of Cossio Insurance Agency.
Cossio Insurance Agency (“CIA”), based in Greenville, South Carolina, provides a range of insurance offerings for its customers, with a focus in family fun centers, paintball, inflatable rentals and other entertainment/special event products and services. CIA has annual revenues of approximately $3.5 million. Larry Cossio and his CIA team will continue to operate from their office in Greenville, South Carolina. The CIA operation will fall under the responsibility of Mike Keeby, a Senior Vice President of Brown & Brown, Inc. and a Regional President in Brown & Brown’s Retail Division.
Mr. Keeby stated, “Larry has been in the brokerage business for over 30 years providing customer focused insurance solutions for unique risks. The CIA team has a proven track record of implementing successful solutions for their family entertainment customers and the carriers that insure those customers. We are excited to add this team’s experience to our operations in South Carolina, which report to Todd Tyler.”
Mr. Cossio stated, “We are excited to work with Brown & Brown and expand our horizons with all the additional services and products that they bring to the table. The sky is the limit!”