Brown & Brown, Inc. acquires the assets of Hillco Insurance

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Brown & Brown, Inc. (BRO) acquires Hillco Insurance assets in Dallas, expanding its insurance solutions. The acquisition aims to enhance services for personal and commercial insurance needs in the Texas market, led by founder Hunter Hill.
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The acquisition of Hillco Insurance by Brown & Brown represents a strategic move to enhance the service offerings in the Texas insurance market. Particularly, Hillco's specialization in high-net worth personal lines and commercial insurance solutions is expected to complement Brown & Brown's existing services. This could potentially expand their customer base and deepen market penetration. From a market research perspective, the synergy between Hillco's localized expertise and Brown & Brown's extensive resources could lead to increased competitiveness and market share in the region.

It is important to consider the broader market context, such as the growth rate of the insurance industry in Texas and the competitive landscape. The success of this acquisition will largely depend on the effective integration of Hillco's operations and the retention of its key personnel, which could influence customer loyalty and the realization of anticipated synergies.

Financially, the acquisition's impact on Brown & Brown's balance sheet and earnings will be a focal point for investors. The immediate financial implications will include the costs associated with the acquisition and any debt incurred. Over the long term, investors will be looking at the return on investment through potential revenue growth and cost synergies. The deal could lead to economies of scale and improved bargaining power with insurers.

It is essential to analyze the transaction multiples paid in comparison to other deals in the industry to assess the financial prudence of this acquisition. Additionally, the post-acquisition performance should be monitored, including any changes in Brown & Brown's market share, revenue growth and profitability margins relative to industry benchmarks.

The acquisition highlights a trend in the insurance brokerage industry towards consolidation, aiming to offer more comprehensive services and enhanced customer experience. The focus on high-net worth personal lines is indicative of a strategic targeting of lucrative market segments. Given the specificity of the Texas insurance market, Hillco's expertise could be vital in navigating state regulations, risk profiles and customer preferences unique to the region.

An analysis of the product and service diversification post-acquisition will be crucial in understanding how Brown & Brown plans to leverage Hillco's strengths. The ability to cross-sell services to existing clients and attract new ones through an expanded portfolio will be a key indicator of the acquisition's success.

DAYTONA BEACH, Fla., March 06, 2024 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Hunter Hill, the founder of Hillco Insurance (“Hillco”), today announced that Brown & Brown has acquired the assets of Hillco.

Hillco was established by Hunter Hill in the Dallas metropolitan area to serve the personal and commercial insurance needs of the expansive Dallas business community. The Hillco team is focused on providing insurance solutions for their wide range of customers with deep understanding of unique needs of the Texas insurance market. Hillco will join the Brown & Brown office in Dallas and will continue to be led by Hunter Hill. Hunter will report to Erik Templin, the leader of Brown & Brown Dallas team.

John Esposito, senior vice president-Retail segment, stated, “We are very excited for the Hillco team to join our Dallas office. The capabilities and focus that the Hillco producers have in high-net worth personal lines and commercial insurance solutions are a great addition to the Brown & Brown Dallas team. We are confident that we will collectively create new opportunities and options to service the needs of current and future customers of the Hillco team.”

Hunter Hill said, “The Hillco team has always been confident in our ability to identify our customer’s insurance needs and design solutions to help address them. Now, we will be able to leverage the resources and collective knowledge of Erik, Lauren and Dallas Brown & Brown teammates to supercharge those solutions. The future is bright for all of us at Hillco as we join the Brown & Brown team.”

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With approximately 16,000+ teammates in 500+ locations worldwide, we are committed to providing innovative strategies to help protect what our customers value most. For more information or to find an office near you, please visit

This press release may contain certain statements relating to future results, which are forward-looking statements, including those associated with this acquisition. These statements are not historical facts but instead represent only Brown & Brown’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown’s control. It is possible that Brown & Brown’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results and condition, as well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Commission. Such factors include those factors relevant to Brown & Brown’s consummation and integration of the announced acquisition, including any matters analyzed in the due diligence process and material adverse changes in the business and financial condition of the seller, the buyer, or both, and their respective customers. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.

For more information:

R. Andrew Watts
Chief financial officer
(386) 239-5770


What assets did Brown & Brown, Inc. (BRO) acquire?

Brown & Brown acquired the assets of Hillco Insurance.

Who founded Hillco Insurance?

Hillco Insurance was founded by Hunter Hill.

Where was Hillco Insurance established?

Hillco Insurance was established in the Dallas metropolitan area.

Who will lead Hillco Insurance after the acquisition?

Hunter Hill will continue to lead Hillco Insurance after joining Brown & Brown.

What type of insurance solutions does Hillco Insurance focus on?

Hillco Insurance focuses on high-net worth personal lines and commercial insurance solutions.

Brown & Brown, Inc.


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About BRO

brown & brown is an independent insurance intermediary that, through its licensed subsidiaries, provides a variety of insurance products and services to corporate, public entity, institutional, trade, professional, association and individual clients. becoming a teammate at brown & brown insurance introduces you to a career with virtually unlimited possibilities. our unique corporate culture rewards self-starters and hard workers who adhere to our commitment to do what is best for our clients. with brown & brown you will get the training, the mentoring and the tools you need to succeed. headquartered in daytona beach, we are located all across the united states, with products and services offered through four major business divisions. we are listed on the nyse at bro. our corporate culture is built on vision, speed, agility and strength that allows us to thrive in the very competitive insurance environment. this unique culture has enabled us to quickly chase down new opportunities, adap