Bridgestone (LSE:BRO)
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Brown & Brown, Inc. Announces The Acquisition Of Hardin & Wilson,
Inc.
DAYTONA BEACH, Fla., and TAMPA, Fla., Aug. 3 /PRNewswire-FirstCall/ -- C. Roy
Bridges, Regional Executive Vice President of Brown & Brown, Inc. (NYSE: BRO),
and Howard E. Hardin and Larry L. Wilson, principals of Hardin & Wilson, Inc.,
of Little Rock, Arkansas, today announced the acquisition of Hardin & Wilson,
Inc. by Brown & Brown, Inc.
Hardin & Wilson, with annualized revenues of approximately $1.2 million, is a
full service commercial property and casualty insurance agency which has been
serving clients in Little Rock and throughout Arkansas for almost 40 years.
Howard Hardin, Larry Wilson and their staff will be joining with Brown &
Brown's existing Little Rock office.
Roy Bridges, who is responsible for Brown & Brown's Arkansas operations, noted,
"We are quite pleased to have Howard, Larry and the Hardin & Wilson team of
insurance professionals join our growing presence in 'The Natural State.' Their
addition further expands our Arkansas base and brings us broadened expertise
and new opportunities."
Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance and
reinsurance products and services, as well as risk management, employee benefit
administration, and managed health care programs. Providing service to
business, public entity, individual, trade and professional association clients
nationwide, the Company is ranked by Business Insurance magazine as the United
States' eighth largest independent insurance intermediary. Our Web address is
http://www.bbinsurance.com/.
This press release may contain certain statements relating to future results
which are forward-looking statements. These statements are not historical
facts, but instead represent only the Company's belief regarding future events,
many of which, by their nature, are inherently uncertain and outside of the
Company's control. It is possible that the Company's actual results and
financial condition may differ, possibly materially, from the anticipated
results and financial condition indicated in these forward-looking statements.
Further information concerning the Company and its business, including factors
that potentially could materially affect the Company's financial results, are
contained in the Company's filings with the Securities and Exchange Commission.
Some factors include: general economic conditions around the country; downward
commercial property and casualty premium pressures; the competitive
environment; the integration of the Company's operations with those of
businesses or assets the Company has acquired or may acquire in the future and
the failure to realize the expected benefits of such integration; the potential
occurrence of a disaster that affects certain areas of the states of Arizona,
California, Florida, New Jersey, New York and/or Washington, where significant
portions of the Company's business are concentrated; the actual costs of
resolution of contingent liabilities; and those factors relevant to Brown &
Brown's consummation and integration of the announced acquisition, including
any matters analyzed in the due diligence process, material adverse changes in
the customers of the company whose operations are being acquired, material
adverse changes in the business and financial condition of either or both
companies and their respective customers, and substantial delay in the expected
closing of the transaction. All forward-looking statements included in this
press release are made only as of the date of this press release, and we do not
undertake any obligation to publicly update or correct any forward-looking
statements to reflect events or circumstances that subsequently occur or of
which we hereafter become aware.
DATASOURCE: Brown & Brown, Inc.
CONTACT: Cory T. Walker, Chief Financial Officer, Brown & Brown, Inc.,
+1-386-239-7250
Web site: http://www.bbinsurance.com/