Brown & Brown acquires Finance & Insurance Resources

DAYTONA BEACH, Fla.  — J. Scott Penny, chief acquisitions officer of Brown & Brown Inc., and Jason Bayko and Bob Hunter, the principals of Finance & Insurance Resources Inc. (F&I Resources), have announced that Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of F&I Resources.

F&I Resources was founded in 1993 and has grown to become a leader in F&I performance management for auto dealers in the Northeast and Mid-Atlantic states by providing F&I sales training and auto related warranty products for their dealer partners. F&I Resources has annual revenues of approximately $10.5 million. The F&I Resources team will become part of the Brown & Brown auto, RV and powersports practice, which operates under the leadership of Mike Neal, president of Brown & Brown of Kentucky Inc.

Neal stated, “Jason and Bob have grown F&I Resources to be a best-in-class operation delivering sales performance training and warranty insurance products for their dealer partners. The F&I Resources team will provide additional expertise to our growing platform in this space and establish a base for operations in the Northeast. We are confident that this will complement and enhance our existing operations.”

Bayko stated, “I could not be more excited to become a part of Brown & Brown and their sales culture. We are now well positioned to grow by having access to additional insurance products, giving us a unique value proposition for our dealer partners.”

Hunter added, “Brown & Brown’s culture, which is focused on clients and teammates, is a perfect match for us. Joining our company with Brown & Brown will provide us the opportunity to enhance our relationships with our valued customers through additional product offerings and training. I want to take this time to thank our dedicated, talented and long-term team members and our clients for their past and continued support.”

Brown & Brown Inc., through its subsidiaries, offers a broad range of insurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade and professional association clients nationwide, Brown & Brown is ranked by Business Insurance magazine as the United States’ sixth largest independent insurance intermediary. Brown & Brown’s Web address is www.bbinsurance.com.

SOURCE: Brown & Brown Inc. press release

Ronnie Wendt

Ronnie Wendt

Ronnie Wendt has been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year. She is the owner of In Good Company Communications and can be reached at ingoodcompanycommunications@gmail.com.

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