July 21, 2024

Brown & Brown acquires McNamara Company’s assets | Insurance Business America

Acquired firm was founded in 1970

Brown & Brown acquires McNamara Company's assets

Insurance News

Terry Gangcuangco

Brown & Brown, Inc. has acquired the assets of McNamara Company for an undisclosed sum.

Founded in 1970 in Minnesota, McNamara Company is a family-owned agency that has served clients across all 50 states for four generations. They offer a comprehensive range of insurance solutions for businesses, families, and individuals.

Under the deal, the McNamara team, including principals Patrick and Aleshia McNamara, will integrate into the Brown & Brown office in Phoenix where they will report to Scott Jones.

Expressing enthusiasm about the transaction, Brown & Brown’s John Esposito, senior vice president of the retail segment, said: “We are thrilled that Pat, Aleshia, and the McNamara team are joining Brown & Brown.

Meanwhile, the McNamaras shared their excitement, stating: “We are excited to bring our talent together to continue delivering superior service and robust insurance solutions to all our customers.”

Behind Brown & Brown’s growth trajectory

Trading since 1939, Brown & Brown employs more than 16,000 people across over 500 locations worldwide. In 2024, the broking giant has significantly expanded its regional reach announcing two major deals in March – the acquisition of the assets of DealerMax through its F&I performance company, Brown & Brown Dealer Services (BBDS) and the assets of Dallas-based Hillco Insurance.

The former deal saw Brown & Brown expand its presence in Pennsylvania and the broader Northeast region with the DealerMax team continuing their operations from their current offices in Berwyn, Pennsylvania. The latter deal represented a chance for the group to cement its presence in Texas and came on the heels of Bridge Specialty Insurance Brokerage (BSIB) – which is part of Brown & Brown’s wholesale insurance platform Bridge Specialty Group – opening an office in Dallas.

What do you think about this story? Share your thoughts in the comments below.

Related Stories


Leave a Reply

Your email address will not be published. Required fields are marked *