Posted on 02 Sep 2010
Sam R. Boone, Jr., Regional Executive Vice President of Brown & Brown, Inc., and Michael K. Crowe, Kenneth J. Paradis and Brett A. Albren, principals of Crowe Paradis Holding Company, LLC ("Crowe Paradis"), on Wednesday announced the acquisition of substantially all the assets of Crowe Paradis and two related entities by a subsidiary of Brown & Brown, Inc.
Founded in 2002, Crowe Paradis, with annual revenues of approximately $23 million, is a national provider of Social Security and Medicare advocacy services, and second injury fund recovery services. Crowe Paradis brings to bear its industry experience and expertise, including its proprietary predictive data tool, Disability Logic!(R), to assist its clients at each level of the SSDI filing and appeals process.
Michael Crowe, Brett Albren and their staff will join Brown & Brown and continue to operate from their existing locations, headquartered in Wakefield, Massachusetts.
Crowe Paradis Services Corporation, a Medicare Secondary Payer statute compliance services firm, is not part of this transaction and will continue to operate under the leadership of Kenneth Paradis.
Mr. Boone, who is responsible for Brown & Brown's Services Division, commented, "Crowe Paradis represents a 'best-in-class' operation in the rapidly-growing Social Security and Medicare advocacy business. Michael and Brett have built an organization that shares Brown & Brown's core values of integrity, accountability and entrepreneurship. We are delighted to have them and their team join us." According to Mr. Crowe, "Brown & Brown and Crowe Paradis share a common strategic vision that benefit advocacy services will become an increasing focus for organizations that care about attracting and retaining great employees. The world's best-run organizations all understand that they have a vested interest in helping their employees preserve their personal financial health following a life-changing event, such as a sickness, disability or retirement."
Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance services and Medicare set-aside services and programs. Providing service to business, public entity, individual, and trade and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the seventh largest independent insurance intermediary in the United States. The Company's Web address is www.bbinsurance.com.