Brown & Brown Acquires the Assets of CHAPP, Inc. and Citrus Insurance Services, Inc.
April 3, 2024
Brown & Brown, Inc. has acquired the assets of CHAPP, Inc. and Citrus Insurance Services, Inc., two family‑owned Florida insurance agencies that specialize in agricultural risk management. The CHAPP/Citrus team will join Brown & Brown's Lakeland and Sebring offices as the firms integrate to expand Brown & Brown’s agricultural insurance capabilities and presence in Florida; the sellers are Bucky and Cindy Payne.
- Buyers
- Brown & Brown, Inc.
- Targets
- CHAPP, Inc., Citrus Insurance Services, Inc.
- Sellers
- Bucky Payne, Cindy Payne
- Industry
- Insurance
- Location
- Florida, United States
- Transaction Type
- Buyout
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