Brown & Brown Inc. announced that it has signed a letter of intent with Raleigh, Schwarz & Powell Inc. and Golden State Holdings Inc. to acquire the two related agencies. Located respectively in Tacoma, Wash., and San Rafael, Calif., the firms represent approximately $20 million in combined annualized revenues.
According to Brown & Brown, finalization of the transaction is subject to completion of a full due diligence review and other standard conditions. It is anticipated that the closing will take place on Aug. 31, 2001.
Brown & Brown Inc. provides a broad range of insurance products and services, as well as risk management, employee benefit administration, and managed health care services through offices located across the U.S.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
UK Payments Firm Moved Billions for Risky Clients Before FCA Seizure 
Intersecting Risks and the Future of Construction Insurance 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
