12 October 2020
DAYTONA BEACH, Fla., Oct. 12, 2020({GLOBE|WORLD} NEWSWIRE)– J. Scott {Penny|Cent}, Chief Acquisitions Officer of Brown & & Brown, Inc. (NYSE:{BRO|BROTHER}), and James (Jim) E. Bright, the principal owner of Bright & & Associates, Inc. and its affiliate {Auto|Car|Automobile|Vehicle} Care {Essentials|Fundamentals|Basics}, LLC ({collectively|jointly}, Bright & & Associates), today {announced|revealed} that Brown & & Brown {Dealer|Dealership} {Services|Solutions|Provider} (BBDS) {has|has actually} {acquired|obtained|gotten} {substantially|significantly|considerably} all of the {assets|possessions|properties} of Bright & & Associates.Bright & Associates is an independent sales and service {organization|company} {providing|offering|supplying} F&I {products|items} and & sales support to the {automotive|automobile|vehicle}, marine, power sport, and {RV|Recreational Vehicle} markets {since|because|considering that|given that} 1977.&The {firm|company} {also|likewise} markets paint and {fabric|material} {protection|security|defense} {products and services|services and products|product or services} through its {Auto|Car|Automobile|Vehicle} Care {Essentials|Fundamentals|Basics} {business|company|service|organization}. Following the {transaction|deal}, the Bright & Associates operations will continue {doing business|working|operating} from their existing {location|place|area} in St. Louis, Missouri, and will {become part of|enter into} BBDS, which {operates|runs} under the {leadership|management} of Mike Neal.Mr. Neal {stated|specified|mentioned},” We’re {excited|thrilled|delighted} to continue {expanding|broadening} our BBDS footprint with the addition of Jim Bright and his {experienced|skilled|knowledgeable} {team|group}.{Over the years|Throughout the years|For many years}, they{‘ve| have actually} {developed|established} a strong {reputation|credibility|track record} for their proactive {approach|method|technique} to {offering|providing|using} {superior|exceptional|remarkable} {products and services|services and products|product or services} to their {customers|clients|consumers} throughout Missouri and Illinois, and we’re {pleased|delighted|happy} to {welcome|invite} them to our {team|group}. “Jim Bright {stated|specified|mentioned}, “My {father|dad|daddy}, Don’ Chick ‘Bright, {entered|went into|got in} the {automobile|vehicle|car|auto} {business|company|service|organization} 43 years {ago|back|earlier}. He was the kickstarter, the {foundation|structure} in {building|structure} {integrity|stability} in our {business|company|service|organization}, and {a steadfast|an unfaltering} leader to {many|numerous|lots of}. {We {learned|discovered|found out} to {work hard|strive} and to do what is right.|We {learned|discovered|found out} to work {hard|difficult|tough} and to do what is.} Brown & Brown’s core {values|worths} {are in|remain in} lockstep with ours at Bright & Associates. Their {integrity|stability} is the driving force, a natural fit, and a winning {combination|mix}. With the addition of more resources, {innovations|developments}, strength, and stability, {we believe|our company believe} BBDS will {provide|offer|supply} {enhanced|improved|boosted} {benefits|advantages}, {products|items}, and services {for every|for each|for every single} {one of|among} our customers.Brown & Brown, Inc. is a leading {insurance|insurance coverage} brokerage {firm|company}, {providing|offering|supplying} {risk|danger|threat} management {solutions|services|options} to {{individuals|people} and {businesses|companies|services|organizations}|{businesses|companies|services|organizations} and {individuals|people}}. With more than 80 years of {proven|tested} success and {thousands of|countless} {teammates|colleagues}, {we offer|we provide} {knowledge|understanding} you can {{trust|rely on} and {strive|aim|make every effort}|{strive|aim|make every effort} and {trust|rely on}} to {deliver|provide} {superior|exceptional|remarkable} {customer service|customer support|customer care|client service}. {For more information|To learn more|To find out more|For more details|For additional information}, please {visit|go to|check out|see} bbinsurance.com.This press & release {may|might} {contain|include|consist of} {certain|specific|particular} {statements|declarations} {relating to|associating with|connecting to} future {results|outcomes} which are {forward-looking|positive} {statements|declarations}, {including|consisting of} those {associated with|connected with|related to} this acquisition. These {statements|declarations} are not {historical|historic} {facts|truths|realities}, {but|however} {instead|rather} represent {only|just} Brown & Brown’s {current|present|existing} belief {regarding|concerning|relating to} future {events|occasions}, {many of|a lot of|a number of|much of} which, by their nature, are {{inherently|naturally} {uncertain|unpredictable|unsure} and {outside|outdoors}|{outside|outdoors} and {inherently|naturally} {uncertain|unpredictable|unsure}} of Brown & Brown’s control. It is possible that Brown & Brown’s {actual|real} {results|outcomes} and {financial|monetary} condition {may|might} {differ|vary}, {possibly|potentially|perhaps} materially, from the {anticipated|expected|prepared for} {results|outcomes} and {financial|monetary} condition {indicated|suggested|showed} in these {forward-looking|positive} {statements|declarations}. {Further|Additional|More} {information|info|details} {concerning|worrying} Brown & Brown and its {business|company|service|organization}, {including|consisting of} {factors|elements|aspects} that & {potentially|possibly} {could|might} materially {affect|impact} Brown & Brown’s {financial|monetary} {results|outcomes} and condition, {as well as|in addition to|along with} its other {achievements|accomplishments}, is {contained|included|consisted of} in Brown & Brown’s filings with the Securities and Exchange Commission. Such {factors|elements|aspects} {include|consist of} those {factors|elements|aspects} {relevant|appropriate|pertinent} to Brown & Brown’s consummation and {integration|combination} of the {announced|revealed} acquisition, {including|consisting of} any matters {analyzed|evaluated|examined} in the due diligence {process|procedure}, and {material|product} {adverse|unfavorable|negative} {changes|modifications} in {the business|business} and {financial|monetary} condition of the seller, the {buyer|purchaser}, or both, and their {respective|particular} {customers|clients|consumers}. All {forward-looking|positive} {statements|declarations} made herein are made {only|just} {as of|since} the date of this release, and Brown & & Brown does not {undertake|carry out} any {obligation|responsibility|commitment} to {publicly|openly} {update|upgrade} or {correct|fix|remedy} any {forward-looking|positive} {statements|declarations} to {reflect|show} {events|occasions} or {circumstances|situations|scenarios} that {subsequently|consequently} {occur|happen|take place} or of which Brown & Brown hereafter {becomes|ends up being} aware.R. Andrew Watts Chief Financial Officer (386 )239-5770 Source: globenewswire.com