Brown & Brown Acquires Claim Technologies (CTI)
May 16, 2022
Brown & Brown of Massachusetts, LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Claim Technologies Incorporated (CTI). CTI — a Des Moines-based provider of proprietary software and benefit-plan audit services for governmental and private employers — will continue to operate from Des Moines and will be integrated into Brown & Brown's Retail segment to expand its employee benefits audit and consulting capabilities.
- Buyers
- Brown & Brown of Massachusetts, LLC, Brown & Brown, Inc.
- Targets
- Claim Technologies Incorporated (CTI)
- Sellers
- Claim Technologies Incorporated, Donald (Don) R. Brandt, Randall (Randy) J. Brandt
- Industry
- Insurance
- Location
- Iowa, United States
- Transaction Type
- Buyout
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