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Brown & Brown, Inc. Announces the Asset Acquisition of Robert Ellis & Associates, Inc.

Source: Brown & Brown

Posted on 11 Mar 2011

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C. Roy Bridges, Regional President of Brown & Brown, Inc., Thomas K. "Tommy" Huval, Regional Vice President of Brown & Brown, Inc. and W. Robert Ellis, President of Robert Ellis & Associates, Inc., located in Mandeville, Louisiana, today announced that Brown & Brown of Louisiana, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the insurance agency assets of Robert Ellis & Associates, Inc.

With annualized revenues of approximately $1.3 million, Robert Ellis & Associates specializes in providing programs of insurance products and services to members of professional associations in Louisiana and Mississippi, including dentists and lawyers. Robert Ellis and his team will continue to operate from their current location in Mandeville, under the leadership of Mark Romero, Executive Vice President of Brown & Brown of Louisiana, Inc.

Mr. Bridges, who is responsible for Brown & Brown's retail operations throughout Louisiana, commented, "Robert Ellis is a recognized leader in providing tailored insurance products and services to professional groups and associations. We are honored to welcome Bob and his team to Brown & Brown and look forward to their continued growth and success." Mr. Ellis stated, "We are excited about joining Brown & Brown and the opportunities afforded by our new affiliation. Not only will our association with Brown & Brown offer our agency the ability to expand into additional areas in the insurance marketplace; but also, and more importantly, it will provide us with a broader array of member benefits to offer our professional association clients for their endorsement consideration."