TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Bridge Specialty Group acquires the assets of Shoemaker & Besser Associates, Inc.

Benzinga Logo Benzinga By Globe Newswire
Bridge Specialty Group acquires the assets of Shoemaker & Besser Associates, Inc.

Brown & Brown, Inc. (NYSE: BRO) announced that its subsidiary Bridge Specialty Group has acquired the assets of Shoemaker & Besser Associates, Inc., a Pennsylvania-based managing general agent and wholesale insurance brokerage established in 1959. The acquisition will enhance Bridge Specialty Group's contract binding and light brokerage offerings while allowing Shoemaker & Besser to maintain operations in York, Pennsylvania with expanded market access.

Insights
BASFY   neutral

Mentioned as a leading company in the smart materials market without specific performance indicators


BRO   positive

The acquisition expands Brown & Brown's insurance brokerage capabilities through Bridge Specialty Group, adding specialized personal insurance and niche business owner's policy products. This strategic acquisition enhances their suite of solutions and market reach, demonstrating continued growth through M&A activity.