Brown & Brown, Inc. Announces the Asset Acquisition of Roper Insurance and Financial Services, Inc.
DAYTONA BEACH, Fla., Oct. 18, 2019 (GLOBE NEWSWIRE) — J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Steven (“Steve”) J. Roper, the sole shareholder of Roper Insurance and Financial Services, Inc. (Roper Insurance), today announced that Brown & Brown of Colorado, Inc. has acquired substantially all of the assets of Roper Insurance.
Founded by Steve Roper in 1999, Roper Insurance specializes in providing employee benefits insurance products and services to small employer groups throughout Colorado. Following the transaction, the Roper Insurance team will relocate to Brown & Brown’s Denver, Colorado office and will operate under the leadership of Jason Sartor, Executive Vice President of Brown & Brown of Colorado.
John Esposito, a Senior Vice President who oversees several of Brown & Brown’s retail offices in the western United States, stated, “Steve and his team have built a niche in their local market as the go-to provider for employee benefits insurance products and services aimed at small-group employers. We believe the transaction will enable us to continue growing our Colorado footprint, while at the same time providing a platform for the Roper team to offer a greater depth and breadth of insurance products and services to their new and existing customers.”
Steve Roper stated, “We look forward to making a wider variety of insurance products and services available to our clients and prospects as a result of this strategic transaction. Our team of friendly, dedicated professionals has always distinguished itself by delivering easy and enjoyable insurance solutions to our customers, and we are excited about the new opportunities that will result from combining forces with a national insurance leader like Brown & Brown.”
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