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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