Brown & Brown Acquires Gilbert RV Insurance
Brown & Brown Inc. announced it has acquired Gilbert RV Insurance Inc., according to a press release. The move follows the company’s recent acquisition of RV America Insurance Marketing Inc.
Founded in 1992, Gilbert RV Insurance provides property and casualty insurance products and warranty products for recreational vehicles, including RVs, trailers, boats, motorcycles and other power sport vehicles. Gilbert RV Insurance has combined annual revenues of approximately $2.4 million. As part of this transaction, Gilbert RV Insurance’s operations will operate as a branch location of Brown & Brown’s recreational vehicle division under the leadership of Mike Neal.
“Over the past 20 years, Alan and Teresa Gilbert have built an agency with a national presence offering personal lines insurance coverage for RVs, motorcycles and other recreational and power sport vehicles and equipment,” said J. Scott Penny, regional president and chief acquisitions officer who is responsible for Brown & Brown of Kentucky’s retail operations. “The acquisition of Gilbert RV Insurance, along with our prior acquisitions of RV America and Reed Brothers, allows Brown & Brown’s recreational vehicle division to become the preeminent supplier of personal lines and commercial insurance products to the RV, auto, marine and power sport industries.”
Alan Gilbert stated, “My wife Teresa and I are very excited about the acquisition of Gilbert RV Insurance into the Brown and Brown family. The growth of Brown & Brown over the last 25 years has been remarkable, and I look forward to working with them in the years to come.”