Brown & Brown to Acquire Automotive Business Solutions – RVBusiness – Breaking RV Industry News
DAYTONA BEACH, Fla., – J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Michael Cox and Craig Sanford, the management owners of ABS Risk, LLC and ABS Operations LLC (ABS), today (Dec. 8) announced that Brown & Brown Dealer Services has completed the acquisition of ABS.
With more than 20 years of experience in the marketplace, ABS is a leading administrator of warranty products in the automotive aftermarket, providing nationwide parts and labor repair warranties, national road hazard programs and component-specific warranties. The ABS team will continue to be led by CEO Michael Cox from its current offices in Denver, Colorado. Michael will report to Mike Neal, president of Brown & Brown Dealer Services (BBDS).
“Michael and Craig have done an amazing job in growing ABS into a premier provider of aftermarket warranty products, serving customer partners that are industry-leading suppliers of tires and aftermarket auto parts,” said Neal. “The ABS team and Brown & Brown Dealer Services share a focus on customer service and the development of innovative product offerings. The BBDS team is excited to add the skills of ABS to our capabilities as we continue to provide warranty solutions for our collective customers.”
Cox shared, “We are excited about the synergies this partnership will bring to our business. Brown & Brown’s full suite of leading insurance programs and automotive F&I products will enable us to provide new value-added solutions to our aftermarket customers.”
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With 16,000+ teammates in approximately 500 locations worldwide, Brown & Brown is committed to providing innovative strategies to help protect what its customers value most. For more information or to find an office near you, please visit bbinsurance.com.
Source: https://rvbusiness.com/brown-brown-to-acquire-automotive-business-solutions/
