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Brown & Brown acquires AMC, RPI and PacRes

Brown & Brown of Kentucky has acquired certain assets of Agency Management Corporation (AMC) and Recreation Protection Management (RPI), as part of its strategy to strengthen its footprint in the region.

Deal

AMC, which was founded in 1987, delivers extended vehicle service contracts, appearance protection, gap protection, roadside assistance protection, tire/wheel protection, and other similar products to RV dealerships and their customers in the southeastern US.

RPI, an affiliate of AMC, was established in 2011 and provides personal lines property and casualty insurance products and services for recreational vehicles, including RVs, boats, motorcycles and other power sport vehicles.

After completion of the acquisition, Clay Purton and the rest of the AMC and RPI team will join Brown & Brown of Kentucky’s branch location in Tampa, Florida.

The pooled office, which serves as Brown & Brown of Kentucky’s National RV Center, is based in Columbia, Kentucky and also has locations in Simi Valley, California and Albany, New York.

The National RV Center trades under the leadership of Mike Neal, executive vice president of Brown & Brown of Kentucky.

Neal said: "AMC and RPI have established long-standing and effective relationships with their dealer partners by providing exceptional service and innovative solutions.

"We believe this transaction allows us to broaden and strengthen the National RV Center’s operations throughout the Southeast and nationwide."

Separately, Brown & Brown announced that it has completed the acquisition of substantially all of the operating assets of Pacific Resources Benefits Advisors (PacRes).

The PacRes assets will continue to operate from the existing headquarters of PacRes located in Chicago, Illinois, under the leadership of Paul Barden and Paul Rogers, who will report to Mike Crowe, senior vice president, B&B Services & Acquisitions.

Through its subsidiaries, Brown & Brown delivers an array of insurance and reinsurance products and related services.
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Image: Brown & Brown acquires AMC and RPI, PacRes. Photo: courtesy of adamr/ FreeDigitalPhotos.net.