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Brown & Brown acquires FNI Management Group

Oct. 08, 2018 10:13 AM ETBrown & Brown, Inc. (BRO) StockBy: Akanksha Bakshi, SA News Editor
  • Brown & Brown (NYSE:BRO) announced that its subsidiary Brown & Brown of Kentucky, Inc., has acquired substantially all of the assets of FNI Management Group.
  • FNI has annual revenues of ~$1.5M. Howard Brinn and Mike Mitchell, the principals of FNI will become part of the Brown & Brown auto, RV and powersports practice.
  • “Howard and Mike have a wealth of experience in the automotive dealership market in the greater Chicago area. We believe that their F&I experience will further strengthen our Midwest presence when coupled with Joel Kansanback, Bill Kelly and the recently acquired Automotive Development Group team”, stated Mike Neal, President of Brown & Brown of Kentucky.

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