Hull & Company, LLC Announces the Asset Acquisition of J.E. Brown & Associates Insurance Services, Inc.
- October 16, 2020
DAYTONA BEACH, Fla. -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and David (Dave) E. Brown and Wendy C. Heathorn, the principals of J.E. Brown & Associates Insurance Services, Inc. (J.E. Brown), today announced that Hull & Company, LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of J.E. Brown.
Founded in 1989, J.E. Brown is a managing general agency for retail insurance agents placing property and casualty insurance for businesses and individuals. The firm specializes in offering small business and personal lines property and casualty insurance products to customers in the western United States, primarily in California. Following the transaction, the J.E. Brown team will continue doing business under the leadership of Dave Brown and Wendy Heathorn from their Walnut Creek and Yorba Linda, California offices as a new stand-alone operation in Brown & Brown’s Wholesale Brokerage Segment.
Kathy Colangelo, an Executive Vice President of Hull & Company, stated, “Dave, Wendy, and their talented team bring a tremendous amount of expertise and knowledge in the California personal lines marketplace. We are excited to join forces to leverage our strong carrier relationships and retail agent networks, which we believe will enable us to offer a broader and more diverse range of insurance products and services to our customers.”
“Wendy and I are extremely excited to be partnering with a group like Hull & Company who shares the same level of commitment to its agents, carriers, and employees that we have for the past 31 years,” stated Dave Brown. He added, “And, we are very confident this partnership will help to further strengthen J.E. Brown’s value proposition in the California insurance marketplace.”