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Brown & Brown, Inc. acquires the assets of Tire Shield
Globenewswireยท 2025-08-12 21:30
Core Viewpoint - Brown & Brown, Inc. has acquired the assets of Tire Shield, enhancing its service offerings in the automotive and RV industries [1][2][3] Company Overview - Brown & Brown, Inc. is a leading insurance brokerage firm established in 1939, with over 700 locations and more than 23,000 professionals globally [3] - Tire Shield, founded in 1997, provides administrative services for tire and wheel road hazard products and GAP waiver products [2] Acquisition Details - The acquisition allows Brown & Brown Dealer Services to expand its offerings to include GAP waiver administration services alongside vehicle service contract administration services [3] - The Tire Shield team will continue operations from Las Vegas, Nevada, reporting to William Kelly, president of BBDS's administrative services [2] Leadership Statements - Mike Neal, president of BBDS, expressed excitement about the acquisition, highlighting the potential for growth and service enhancement [3] - Mark Otto, owner of Tire Shield, emphasized the new opportunities for innovation and customer service that the acquisition brings [3]