Brown & Brown (via Hull & Company) Acquires The Colonial Group and Colonial Premium Finance Company

March 12, 2020

Hull & Company, LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all assets of The Colonial Group, Inc. and all issued and outstanding shares of its affiliate Colonial Premium Finance Company. The Colonial Group — a Greensboro, North Carolina-based managing general agency specializing in housing, recreational and specialty property & casualty insurance and premium financing — will continue operating as a stand-alone office within Brown & Brown's Wholesale Brokerage Segment.

Buyers
Hull & Company, LLC, Brown & Brown, Inc.
Targets
The Colonial Group, Inc., Colonial Premium Finance Company
Sellers
Robert "Bob" W. Burke, Jason L. Haupt, Gregory "Greg" T. Headen, Cynthia "Cindy" P. Martin
Industry
Insurance
Location
North Carolina, United States
Transaction Type
Buyout

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