Corporate Report: Dec. 30

  • By Business Observer Staff
  • | 10:28 p.m. January 2, 2012
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Brown & Brown buying Calif. firm for $395 million
Daytona Beach- and Tampa-based Brown & Brown Inc. has entered into an agreement to acquire the parent company of Arrowhead General Insurance Agency Inc. from Spectrum Equity Investors, JMI Equity and a management equity holder group. The $395-million purchase is expected to close sometime this month.

 

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