Brown & Brown acquires McNamara Company’s assets
Brown & Brown acquires McNamara Company’s assets | Insurance Business America
Insurance News
Brown & Brown acquires McNamara Company’s assets
Acquired firm was founded in 1970
Insurance News
By
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
Keep up with the latest news and events
Join our mailing list, it’s free!
