Latest news with #J.ScottPenny
Business Insider
7 days ago
- Automotive
- Business Insider
Brown & Brown Dealer Services acquires assets of Tire Shield
J. Scott Penny, chief acquisitions officer of Brown & Brown, and Mark N. Otto, the owner of Tire Shield, announced that Brown & Brown Dealer Services, or BBDS, has acquired the assets of Tire Shield. Founded in 1997, Tire Shield offers administrative services for dealers and agents providing tire and wheel road hazard products and GAP waiver products for the RV, Automotive and Power Sports Industries. The Tire Shield team will join Brown & Brown Dealer Services and continue to operate from their offices in Las Vegas, Nevada. The team will report to William Kelly, president of BBDS's administrative services. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Toronto Star
12-08-2025
- Automotive
- Toronto Star
Brown & Brown, Inc. acquires the assets of Tire Shield
DAYTONA BEACH, Fla., Aug. 12, 2025 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Mark N. Otto, the owner of Tire Shield, Inc. ('Tire Shield'), today announced that Brown & Brown Dealer Services ('BBDS') has acquired the assets of Tire Shield. Founded in 1997, Tire Shield offers administrative services for dealers and agents providing tire and wheel road hazard products and GAP waiver products for the RV, Automotive and Power Sports Industries. The Tire Shield team will join Brown & Brown Dealer Services and continue to operate from their offices in Las Vegas, Nevada. The team will report to William Kelly, president of BBDS's administrative services.
Toronto Star
10-06-2025
- Business
- Toronto Star
Brown & Brown, Inc. enters into agreement to acquire Accession Risk Management Group
DAYTONA BEACH, Fla., June 10, 2025 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE: BRO), and John Mina, chief executive officer of Accession Risk Management Group, Inc. ('Accession'), today announced that Brown & Brown has entered into an agreement to acquire RSC Topco, Inc. ('RSC'), the holding company for Accession. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions and regulatory approvals. Under the terms of the agreement, Brown & Brown will acquire RSC on a cash and debt-free basis at the time of acquisition for a gross purchase price of $9.825 billion. The parties previously submitted filings in respect of the Transaction under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the waiting period for such filings has already expired.
