BRO - Brown & Brown Inc. enters into agreement to acquire Automotive Business Solutions | Benzinga
DAYTONA BEACH, Fla., Dec. 08, 2023 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Michael Cox and Craig Sanford, the management owners of ABS Risk, LLC and ABS Operations, LLC (collectively, "ABS"), today announced that Brown & Brown Dealer Services has completed the acquisition of ABS.
With more than twenty years of experience in the marketplace, ABS is a leading 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 ("BBDS").
Mike Neal stated, "Michael and Craig have done an amazing job in growing ABS into a premier provider of aftermarket warranty products, serving customer partners that are industry-leading suppliers of tires and aftermarket auto parts. ...