Brown & Brown acquires McNamara Firm’s property

Brown & Brown, Inc. has acquired the property of McNamara Firm for an undisclosed sum.

Based in 1970 in Minnesota, McNamara Firm is a family-owned company that has served shoppers throughout all 50 states for 4 generations. They provide a complete vary of insurance coverage options for companies, households, and people.

Underneath the deal, the McNamara group, together with principals Patrick and Aleshia McNamara, will combine into the Brown & Brown workplace in Phoenix the place they’ll report back to Scott Jones.

Expressing enthusiasm in regards to the transaction, Brown & Brown’s John Esposito, senior vice chairman of the retail section, mentioned: “We’re thrilled that Pat, Aleshia, and the McNamara group are becoming a member of Brown & Brown.

In the meantime, the McNamaras shared their pleasure, stating: “We’re excited to convey our expertise collectively to proceed delivering superior service and strong insurance coverage options to all our clients.”

Behind Brown & Brown’s progress trajectory

Buying and selling since 1939, Brown & Brown employs greater than 16,000 individuals throughout over 500 places worldwide. In 2024, the broking big has considerably expanded its regional attain asserting two main offers in March – the acquisition of the property of DealerMax by means of its F&I efficiency firm, Brown & Brown Supplier Providers (BBDS) and the property of Dallas-based Hillco Insurance coverage.

The previous deal noticed Brown & Brown increase its presence in Pennsylvania and the broader Northeast area with the DealerMax group persevering with their operations from their present places of work in Berwyn, Pennsylvania. The latter deal represented an opportunity for the group to cement its presence in Texas and got here on the heels of Bridge Specialty Insurance coverage Brokerage (BSIB) – which is a part of Brown & Brown’s wholesale insurance coverage platform Bridge Specialty Group – opening an workplace in Dallas.

What do you concentrate on this story? Share your ideas within the feedback beneath.