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Brown & Brown, Inc. Announces the Asset Acquisition of Frank E. Neal & Co., Inc.

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DAYTONA BEACH, Fla -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Wink, Mark and Brent Neal, the owners of Frank E. Neal & Co., Inc., today announced that Brown & Brown of Tennessee, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of the Frank E. Neal & Co. Agency.

For over 45 years, Frank E. Neal & Co. has provided commercial, surety, personal and employee benefits insurance solutions to entrepreneurs, established businesses and individuals throughout the Southeast region of the United States.  The agency has unique experience and deep expertise in providing surety bonds and commercial insurance solutions within the construction industry which helps fuel economic growth.  The Frank E. Neal team will join with the existing Brown & Brown of Tennessee team in Nashville.  Brown & Brown of Tennessee operates under local leadership of Ryan Rothrock and regional leadership of John Esposito.

Ryan Rothrock, Executive Vice President of Brown & Brown of Tennessee, stated, “The Frank Neal agency has been a fixture in Tennessee for many decades.  Their team has been an integral part of the community serving both businesses and families as the capitol of Tennessee has grown.  Wink, Mark, Brent and the entire Frank Neal team bring a wealth of experience and relationships to our established and proven Brown & Brown of Tennessee team.  We are excited about our future together and the great things we can do for our customers.”

Wink Neal stated, “We are very thankful for our Father’s founding of the agency in 1975.  He allowed Mark, Brent and me to become part of the agency and ultimately take the reins.  This move is about continued success and new opportunities for our employees, clients and the agency.  We are grateful to be joining the Brown & Brown team.  Mark, Brent and I are excited and eager to go to work with Brown & Brown of Tennessee.”

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