Brown & Brown, Inc. Acquires Assets of The Canopy Group

October 3, 2024

A subsidiary of Brown & Brown, Inc. has acquired the assets of The Canopy Group, a multiline insurance agency based in Le Sueur, Minnesota. The Canopy Group's principals Paul Borchert and Jeff McDonald will continue to lead operations as the acquisition expands Brown & Brown's personal lines and small-business commercial offerings in Minnesota.

Buyers
Brown & Brown, Inc.
Targets
The Canopy Group
Sellers
The Canopy Group, Paul Borchert, Jeff McDonald
Industry
Insurance
Location
Minnesota, United States
Transaction Type
Buyout

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