J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE: BRO), and Christopher (“Chris”) L. Goff, Willis (“Josh”) J. Hargrave, III, and Geraldeen (“Gerri”) Rougeau-Eubank, the principals of HARCO Insurance Services, Inc. d/b/a HARCO Insurance Services and Lone Star Affiliates, Inc. d/b/a HARCO Financial Services (collectively, “HARCO”), announced that Brown & Brown Lone Star Insurance Services, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of HARCO.
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With roots dating back to 1969, HARCO is a full-service, independent retail insurance agency serving businesses and individuals throughout Texas. Following the acquisition, the HARCO team will continue operating from their existing Houston, Texas office as a branch location of Brown & Brown’s Houston, Texas retail operations. The combined offices will operate under the leadership of Ryan Beavers, executive vice president of Brown & Brown Lone Star Insurance Services, Inc.
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Tommy K. Huval, a regional president in Brown & Brown’s Retail segment who oversees various offices in Texas and Louisiana, stated, “Over its long and successful history, HARCO has thrived because of its focus on delivering outstanding service with an eye toward building long-term customer and carrier relationships. We are excited to continue expanding Brown & Brown’s Texas presence and to welcome Josh, Gerri, and Chris, along with the rest of the talented HARCO team, to the Brown & Brown family. I’ve had the privilege of knowing Josh for many years and am pleased with the capabilities of our combined team.”
Hargrave stated, “Our HARCO team is looking forward to joining the Brown & Brown team to further enhance the products, resources, and continued services we provide to our customers. We share common business values and believe the relationship will be most beneficial to all parties, including our valued customers and the insurance companies with which we do business.”
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