Brown & Brown, Inc. Enters Into Agreement to Acquire O’Leary Insurances
Brown & Brown, Inc. Enters Into Agreement to Acquire O’Leary Insurances
DAYTONA BEACH, Fla., Dec. 16, 2020 J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Anthony O’Leary, the majority owner of O’Leary Insurances (“
OLI”), today announced that Brown & Brown, Inc. (“
Brown & Brown”) has entered into an agreement to acquire the general insurance operating companies of OLI. The transaction is expected to close in January 2021, subject to certain closing conditions.
OLI was founded in 1961 by Archie O’Leary. In 1979, Archie’s son Anthony O’Leary joined the firm, and it has remained a family run business for the past 59 years. Under Anthony’s leadership, OLI has grown to become Ireland’s largest independently owned brokerage with over 200 employees operating from eight locations, including Cork, Dublin, Galway and Waterford. The OLI team specializes i