Brown & Brown (Europe) Limited (\u201cBrown & Brown\u201d) has acquired 100% of the share capital of R McGee Insurance Brokers Limited (\u201cR McGee\u201d), a personal and commercial lines broker based in Maesteg, Glamorgan.<\/p>\n
Family-run broker R McGee has served individuals and businesses in South Wales since 1974. It is headed by MD Andrew McGee, supported by fellow directors Julie (Andrew\u2019s wife) and son Simon.<\/p>\n
The business will report to Matt Hartigan, Brown & Brown Retail Director and CEO of Higos, Brown & Brown\u2019s broker for the South West.<\/p>\n
Hartigan said: \u201cAt Brown & Brown, we love family businesses, and McGee is no exception.\u201d<\/p>\n
\u201cAndrew, Julie and Simon\u2019s business is an object lesson in how to build a successful community broker predicated on high-quality service and a deep understanding of the community where the firm operates.\u201d<\/p>\n
He added: \u201cIt\u2019s great that they have agreed to commit their future to Brown & Brown, and we look forward to giving the team all the additional support they need to take R McGee to the next level.\u201d<\/p>\n
Andrew McGee said: \u201cWe\u2019re looking forward to putting our future and those of our customers into the hands of Brown & Brown.\u201d<\/p>\n
\u201cThe family ethos that runs through the business even now was apparent in our discussions with Matt, and that was an important factor in our decision to sell.\u201d<\/p>\n
\u201cMatt painted a compelling picture of the opportunities ahead for ourselves and our customers and clients, and we\u2019re excited to be a part of it.\u201d<\/p>\n
The McGee office in Maesteg will remain in place, and the entire team will move across to become Brown & Brown teammates.<\/p>\n
The deal has received regulatory approval, and the consideration is undisclosed.
\nAbout Brown & Brown (Europe) Limited<\/p>\n
Brown & Brown (Europe) Limited operates retail broking, specialist MGA, network and Lloyd\u2019s businesses, enabling the business to serve the growing insurance and risk management needs of its customers. Brown & Brown (Europe) is an operating unit of Brown & Brown, Inc.\u2019s Retail segment. For more information or to find an office near you, please visit bbrown.com\/eu\/.<\/p>\n
About Brown & Brown, Inc.<\/strong><\/p>\n Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With 16,000+ teammates in approximately 500 locations worldwide, we are committed to providing innovative strategies to help protect what our customers value most. For more information, please visit bbinsurance.com.<\/p>\n UK press information: Ben Welsh 07568 382040<\/p>\n","protected":false},"excerpt":{"rendered":" We are proud to announce the acquisition of R McGee by Brown & Brown Europe. Read the full press release.<\/p>\n","protected":false},"author":45,"featured_media":15741,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"insight_category":[142,127,130,141,134],"class_list":["post-15716","insight","type-insight","status-publish","has-post-thumbnail","hentry","insight_category-acquisition","insight_category-company-news","insight_category-corporate-news","insight_category-investor-relations","insight_category-mergers-acquisitions"],"acf":[],"yoast_head":"\n