DAYTONA BEACH, Fla., April 03, 2024 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Bucky and Cindy Payne, the owners of CHAPP, Inc. and Citrus Insurance Services, Inc., today announced that Brown & Brown has acquired the assets of CHAPP and Citrus Insurance.
CHAPP and Citrus Insurance are essential risk management partners for their customers in Florida and across the U.S. by providing insurance solutions for all aspects of agricultural business risk. Originally founded by Ed Crawford in 1976, the agencies have continued to grow through two generations of family leadership. The CHAPP/Citrus team will join Brown & Brown’s offices in Lakeland and Sebring, Florida and will work alongside Stacey Heacock, profit center leader of the Lakeland office, and Jason Cloar, executive vice president and leader of Brown & Brown’s southwest Florida operations.
Mike Keeby, senior vice president-Retail segment, stated, “We are very pleased that Bucky, Cindy, Bucky Jr. and Michelle are entrusting the future of the CHAPP and Citrus Insurance agencies to Brown & Brown. The CHAPP/Citrus Insurance teammates are trusted advisors providing innovative risk solutions for the agricultural industry. We are excited to continue to add capabilities in Florida and look forward to our future with this team.”
Bucky Payne Sr. said, “On behalf of my wife, son and daughter, I want to say that we are very pleased to be a part of the Brown & Brown team. This collaboration will allow us to expand our services for our customers utilizing the vast capabilities that Brown & Brown has to offer. We, along with the CHAPP and Citrus Insurance Services teammates, want to thank the Brown & Brown team that made this opportunity possible.”
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 bbinsurance.com.
