Brown & Brown Acquires Insurer RV America
Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown Inc., has acquired certain assets of RV America Insurance Marketing Inc., according to a press release.
Founded in 1999, RV America primarily provides personal lines property and casualty insurance products for recreational vehicles, including RVs, trailers, boats, motorcycles and other power sport vehicles. The company also provides other types of personal lines insurance coverage through its affiliate, Let’s Talk Insurance. RV America has combined annual revenues of approximately $3.7 million.
As part of this transaction, RV America’s operations will operate as a branch location of Brown & Brown of Kentucky’s existing Columbia location under the leadership of Mike Neal. The Columbia profit center presently specializes in providing property and casualty and employee benefits insurance products and services to RV, auto, watercraft and personal power sport dealers throughout the United States. Steve Freedman and his team will continue to operate from their existing Simi Valley, Calif., location.
“Steve Freedman and his team have used their expertise, experience, and relationships to build one of the nation’s premier firms offering personal lines insurance coverage for RVs and other recreational, marine and power sport vehicles and equipment,” said J. Scott Penny, regional president and chief acquisitions officer of Brown & Brown. “This transaction allows us to combine our existing offerings to the recreational vehicle and power sport dealership industries with personal lines offerings for the consumers of such products. It provides an exciting vertical synergy for us in this industry.”
Freedman, principal of RV America, stated, “We at RV America are very excited to become part of the Brown & Brown team. We pride ourselves on ensuring continued customer satisfaction coupled with intensive knowledge of personal lines insurance coverages, values that are encouraged and exhibited by Brown & Brown. We look forward to a very prosperous relationship providing the exemplary services that have come to be expected from RV America and Brown & Brown.”