Daytona Beach, Fla.-based insurance broker Brown & Brown said it has acquired niche insurance broker Reed Brothers Insurance Group Inc., of Columbia, Ky. and Tampa, Fla. Financial terms were not disclosed.
Brown & Brown said Reed Brothers Insurance has annual revenues of approximately $2.1 million and specializes in property and casualty and group employee benefits insurance products and services to clients in the recreational vehicle and personal watercraft and motorcycle dealership industries as well as the manufactured housing industry.
Additionally, the agency offers life, long-term care and Medicare supplemental insurance coverage through its affinity relationships with several national RV dealerships, power sport dealerships and manufactured housing industry associations.
The agency's Tampa office specializes in individual personal lines products and services for owners and operators of RV and power sport dealerships and manufactured housing businesses across the country.
Michael T. "Mike" Neal, chairman, and Daniel L. Antle, president of Reed Brothers, and their staff will continue to operate from their current locations as free-standing profit centers under the Reed Brothers Insurance name.
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