Brown & Brown Buys RV Extended Warranty Unit
Brown & Brown of Kentucky Inc. has acquired certain assets of Agency Services Consolidated Inc., including Preserve Extended Protection Plan Inc. that provides a national extended warranty program for the RV industry.
According to a press release, Agency Services Consolidated offers warranty and related protection products to auto dealerships in Ohio, Indiana, Kentucky and West Virginia. Agency Services Consolidated and Preserve Extended Protection Plan have combined annual revenues of approximately $2.1 million.
As part of this transaction, the operations of Agency Services will combine with the recently acquired assets of O’Neil Financial Services and operate as a new branch location of Brown & Brown’s recreational vehicle and auto division under the leadership of Mike Neal.
“I am looking forward to being part of the Brown & Brown team and appreciate the strength and presence it provides,” said Rick Roesel, principal of Agency Services. “This, combined with reuniting with the talent and experience of Tom O’Neil, gives us the opportunity to grow Brown & Brown’s presence in our industry in ways we wouldn’t have accomplished individually.”
Tommy Huval, president of Brown & Brown of Kentucky, stated, “Rick Roesel has developed an industry leading agency in his 30 year career in the auto warranty and protection product space. The acquisition of Agency Services, together with our acquisition of O’Neil Financial Services Agency, will enable Brown & Brown’s recreational vehicle and auto division to expand services and products to its nationwide network of dealership clients. In addition, the assets of Preserve Extended Protection Plan will further enhance our growing national position in the RV warranty arena. We look forward to the contributions of Rick and his team will bring to Brown & Brown.”