BRO - Brown & Brown Inc. enters into agreement to acquire Caton-Hosey Insurance | Benzinga
DAYTONA BEACH, Fla., Dec. 26, 2023 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Rex Caton and John Hosey, the owners of Caton-Hosey Insurance ("Caton Hosey"), today announced that Brown & Brown has entered into an agreement to acquire the assets of Caton Hosey. The transaction is expected to close in early January 2024, subject to certain closing conditions.
Caton-Hosey shares roots with Brown & Brown in the Florida insurance market reaching back to 1948 with the founding of Caton Insurance in Volusia County. Throughout the 75 year history of the firm, Caton Hosey has been a fixture in central Florida providing personal service and unique insurance solutions for individual and commercial customers. Rex Caton took over the agency from his father Richard Caton in 1990 with John Hosey joining the firm in 1993. Rex and John purchased the agency from Richard, which then became Caton-Hosey Insurance. The Caton-Hosey team will continue to operate from their office in Port Orange, Florida under the leadership of Rex and Barbara Caton and John Hosey.
Barrett Brown ...