Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Automotive Development Group LLC (ADG).
According to a press release, ADG is a performance improvement company providing F&I training and auto warranty and related products for auto dealer clients across the United States with annual revenues of approximately $11 million. The ADG team will become part of the Brown & Brown auto, RV and powersports practice, which operates under the leadership of Mike Neal, president of Brown & Brown of Kentucky.
Neal stated, “As the Brown & Brown presence in the auto/F&I space has continued to grow, we saw the need for a well-developed platform to enhance that growth. Joel Kansanback and Bill Kelly, the principals of ADG, have built a sophisticated program to deliver insurance products to their dealer partners while helping those partners optimize their operations. We believe the ADG team will complement our existing operations and bring more solutions to our clients.”
Kansanback added, “We felt like the changing automotive space provides a unique opportunity to really help dealers. Partnering with Brown & Brown gives us the backing to capitalize on that and grow at a much faster pace.”
For more information visit www.bbinsurance.com.