Brown & Brown, Inc. acquires the assets of J. Kevin Campbell Agency
Rhea-AI Summary
Brown & Brown (NYSE: BRO) announced that a subsidiary acquired the assets of the J. Kevin Campbell Agency on December 15, 2025. The Campbell Agency, founded in 1991, focuses on workers’ compensation solutions and will bring principals Kevin Campbell and Kian Ostovar into Brown & Brown offices in Tampa and Ocala, respectively.
The transaction adds regional workers’ compensation expertise in north and central Florida to Brown & Brown’s network. Brown & Brown reported a global footprint of 700+ locations and over 23,000 professionals. The release notes customary forward-looking disclaimers about integration risks and uncertainties.
Positive
- Adds Campbell Agency workers' compensation expertise to BRO
- Transfers Kevin Campbell and Kian Ostovar into Tampa and Ocala
Negative
- Purchase price and financial terms not disclosed
- Forward-looking warning highlights integration and execution risks
Key Figures
Market Reality Check
Peers on Argus
BRO was up 2.6% pre‑news, while key peers were mixed: AJG +2.54%, ERIE +1.11%, AON +1.48%, MMC +1.49%, and WTW at -0.25%. This points to a largely stock‑specific move rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Employer survey release | Positive | -0.9% | Published large 2026 employer health and benefits strategy survey. |
| Nov 11 | Workplace award | Positive | +1.9% | Earned 2026 Military Friendly Employer designation and Silver award. |
| Nov 06 | Leadership appointments | Positive | -1.8% | Added senior leaders to Retail segment to support scaling and innovation. |
| Oct 27 | Q3 2025 earnings | Positive | -6.1% | Reported strong revenue and adjusted EPS growth alongside higher debt. |
| Oct 27 | Workplace recognition | Positive | -0.3% | Great Place to Work certifications and Fortune workplace rankings. |
Recent corporate and earnings announcements with generally positive tone have often seen muted or negative next‑day price reactions, suggesting a tendency toward divergence on good news.
Over the last few months, Brown & Brown reported strong Q3 2025 revenue growth of $1.6B (+35.4%) with higher adjusted profitability, yet the stock fell 6.13% the next day. Cultural and employer‑branding recognitions on Oct 27 and military‑friendly awards on Nov 11 highlighted workforce strength, with mixed price follow‑through. Leadership additions in the Retail segment and publication of a large employer health survey underscored a growth and innovation focus. Today’s acquisition of a workers’ compensation specialist fits this ongoing expansion strategy.
Market Pulse Summary
This announcement adds another bolt‑on acquisition to Brown & Brown’s long-running expansion, bringing a focused workers’ compensation agency founded in 1991 into its network of 700+ locations and 23,000+ professionals. Historical acquisition headlines have produced modest average moves of about ±1.45%, suggesting the market often views such deals as incremental. Investors may want to monitor integration updates, any disclosed financial terms in future filings, and how this niche capability complements the larger Accession transaction.
Key Terms
forward-looking statements regulatory
Securities and Exchange Commission regulatory
AI-generated analysis. Not financial advice.
DAYTONA BEACH, Fla., Dec. 15, 2025 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Kevin Campbell, principal of the J. Kevin Campbell Agency, Inc. (“Campbell Agency”), today announced that a subsidiary of Brown & Brown, Inc. has acquired the assets of the Campbell Agency.
The Campbell Agency was founded in 1991 by Kevin Campbell, with a focus on delivering best-in-class workers’ compensation insurance solutions for its customers. Kian Ostovar joined the organization in 2004, establishing an office in Gainesville, Florida, to service joint customers of the agency across north and central Florida. Kevin and Kian will bring their workers’ compensation experience to Brown & Brown offices in Tampa and Ocala, respectively.
Mike Keeby, senior vice president – Retail segment, stated, “Kevin, Kian and the Campbell Agency team are recognized by carriers and customers for their deep knowledge of the workers’ compensation landscape, and we are excited to bring their collective experience and focus on workers' compensation insurance solutions to the Brown & Brown team.”
Kevin Campbell said, “For 34 years, we faced each other in the marketplace as competitors. Today, we’re proud to stand together as teammates.”
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of more than 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at BBrown.com.
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
FAQ
What did Brown & Brown (BRO) announce on December 15, 2025?
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Does the press release state the purchase price for the BRO acquisition of Campbell Agency?
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