Brown & Brown, Inc. Announces the Asset Acquisition of Berry Insurance Group
- January 04, 2021
DAYTONA BEACH, Fla. -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Mark Berry, the owner of Berry Insurance Group, today announced that Brown & Brown of Ohio, LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Berry Insurance Group.
Founded in 2002 by Mark Berry, Berry Insurance Group has grown to one of the most prominent insurance brokerage agencies in the Ohio, providing commercial and personal insurance products for business and individual customers throughout the Cincinnati tri-state area. Mark Berry will continue to lead the Berry Insurance Group team operating from their offices in Terrace Park and Lebanon, Ohio. Mark will report to Tommy Huval, Regional President of Brown & Brown Retail.
Tommy Huval stated, “Mark and his fantastic team have built an agency that puts the customer first while contributing to the community in which they live and work. Berry Insurance Group embodies the same culture and focus on insurance solutions that drives Brown & Brown. We are excited to join forces with Mark and the Berry team and know that they will provide a solid base for us to continue the growth of our retail presence in Ohio and surrounding areas.”
Mark Berry stated, “In looking for a partner to take Berry Insurance Group to the next level, I was focused on cultural fit, resources to better serve the risk management needs of our customers and an opportunity for our team to be the foundation for a broader presence in the Ohio market. In Brown & Brown, we have found that partner. I am excited for the future opportunities for the Berry Insurance Group team, our customers and carrier partners.”