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Announced

Completed

Brown & Brown completed the acquisition of Vehicle Administrative Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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auto protection

Auto Services

United States

Majority

Friendly

roadside assistance

Acquisition

Private

Single Bidder

Completed

Domestic

Synopsis

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Brown & Brown, a provider of insurance and reinsurance products and services, completed the acquisition of Vehicle Administrative Services, a provider of emergency roadside assistance and related consumer auto protection products. Financial terms were not disclosed. "We are being given the opportunity to grow our business under the Brown & Brown umbrella while maintaining a high level of performance for our customers. I have known the BBDS team for many years and have watched them grow as an innovating force in the MGA and automotive business. We look forward to adding to the financial success of Brown & Brown and to participating in the culture and values of Brown & Brown that we at VAS share,” Bill Breindel, VAS Chairman and CEO.

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