Business NewsMarketWire • Brown & Brown, Inc. Enters Into Agreement to Acquire Assets of Pacific Resources Benefits Advisors, LLC

Brown & Brown, Inc. Enters Into Agreement to Acquire Assets of Pacific Resources Benefits Advisors, LLC

Brown & Brown, Inc. Enters Into Agreement to Acquire Assets of Pacific Resources Benefits Advisors, LLC

DAYTONA BEACH, FL and TAMPA, FL--(Marketwired - April 24, 2014) - J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE: BRO), and Paul Barden and Paul Rogers, the controlling members of Pacific Resources Benefits Advisors, LLC ("PacRes"), today announced that a subsidiary of Brown & Brown, Inc. has entered into an asset purchase agreement to acquire substantially all of the operating assets of PacRes. The transaction is expected to close in May 2014, subject to customary closing conditions, including regulatory approval.

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