J. Scott Penny, chief acquisitions officer of Brown & Brown, and Michael Cox and Craig Sanford, the management owners of ABS Risk, LLC and ABS Operations, announced that Brown & Brown Dealer Services has completed the acquisition of ABS. With more than twenty years of experience in the marketplace, ABS is an administrator of warranty products in the automotive aftermarket, providing nationwide parts and labor repair warranties, national road hazard programs and component-specific warranties. The ABS team will continue to be led by CEO Michael Cox from their current offices in Denver, Colorado. Michael will report to Mike Neal, president of Brown & Brown Dealer Services
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BRO:
- Bridge Specialty Group announces appointment of Tim Coles as chief executive officer for European brokerage operations
- Brown & Brown price target raised to $30 from $28 at UBS
- Brown & Brown, Inc. announces sale of certain third-party administer businesses and enters into long-term strategic relationship with Davies Group Ltd.
- Brown & Brown sells certain third-party administer businesses
- Brown & Brown price target raised to $73 from $70 at Wells Fargo