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Brown & Brown Expands Portfolio by Acquiring Assets of DealerMax

Brown & Brown, an insurance brokerage firm, has expanded its portfolio through the acquisition of the assets of DealerMax, a company specializing in enhancing the finance and insurance (F&I) departments of automotive dealerships. 

According to a press release, the acquisition was announced on March 13 by J. Scott Penny, Brown & Brown’s chief acquisitions officer, and Jim Maxim, Jr. and Jim Maxim, Sr., the proprietors of DealerMax.

“We have had a long, collaborative relationship with the Maxim family in the F&I automotive industry. We are excited to have the highly experienced DealerMax team and the valuable DealerMax customers become part of Brown & Brown Dealer Services. We look forward to combining the skill and ability of DealerMax with our broader BBDS team,” Mike Neal, president of BBDS, said in the press release.

DealerMax, established in 1982 by Jim Maxim, Sr., as Maxim Automotive, has built a reputation for its focus on the Northeastern U.S. automotive market, particularly in Pennsylvania. The company has been instrumental in the growth of its clients’ F&I departments by providing specialized training and tailored F&I product offerings.

With this acquisition, the DealerMax team is set to join Brown & Brown Dealer Services (BBDS) and will continue their operations from their current location in Berwyn, Pennsylvania, under the leadership of Robert Hunter, president of Automotive F&I. Jim Maxim, Jr., will assist the team during the transition period.

“We deeply value the Brown & Brown relationship and our shared vision, culture, and commitment to excellence. My father, Jim Maxim Sr., and I feel that BBDS is the right home for our employees and customers, and it was evident that this was the right choice for the future of our business. We are honored to become a part of the Brown & Brown team, and we look forward to continuing to provide unparalleled support, training, and products to all of our dealership customers,” Jim Maxim, Jr. said. 

Brown & Brown, Inc., with its headquarters in Daytona Beach, Florida, has been a key player in the insurance brokerage industry since 1939. The company delivers comprehensive risk management solutions to both individuals and businesses. 

With a global presence, Brown & Brown operates through a network of over 16,000 teammates across more than 500 locations worldwide. For more information, click here.

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carla_cooks
carla_cooks
March 14, 2024 7:37 pm

Isn’t it interesting to see how this acquisition could benefit those in the automotive industry? Imagine the wealth of services and expertise now at our fingertips from DealerMax and Brown & Brown Dealer Services teaming up. It’s like a treasure trove waiting to be explored! I can’t wait to see what innovative solutions and collaborations sprout from this partnership. It’s like a sneak peek into the future of tailored risk management solutions!

JazzyDude1234
JazzyDude1234
March 14, 2024 10:52 pm
Reply to  carla_cooks

It’s really intriguing to think about how this acquisition could bring some exciting opportunities and advantages to those involved in the automotive industry. The potential for growth and innovation seems quite promising with this new addition to Brown & Brown’s portfolio. Let’s explore how these fresh resources and insights might spark some game-changing advancements for all of us in the field. Exciting times ahead!

Amy Foster
Amy Foster
March 14, 2024 9:16 pm

I’m loving how Brown & Brown’s collaboration with DealerMax promises top-notch insurance solutions for dealerships. Exciting times ahead with shared values and years of expertise coming together!

Jonah Storm
Jonah Storm
March 14, 2024 11:14 pm

We’ve had a great partnership with the Maxim family at DealerMax. Excited to welcome their skilled team and customers to Brown & Brown Dealer Services. Combining DealerMax’s expertise with BBDS will bring top-notch service to clients. Looking forward to the collaboration! – Mike Neal, BBDS President. The acquisition integrates DealerMax’s focus on the Northeastern U.S. market into Brown & Brown’s offerings, enhancing support for clients’ F&I departments. Jim Maxim, Sr., and Jim Maxim, Jr., express enthusiasm for the shared vision with BBDS.

Peak1Glo-67
Peak1Glo-67
March 14, 2024 11:53 pm

It seems that Brown & Brown’s acquisition of DealerMax is a significant move welcomed by both parties. The integration of DealerMax’s assets into Brown & Brown Dealer Services signals a strategic expansion into the automotive market. Personally, I believe this collaboration highlights a commitment to enhancing offerings and market presence. It’s exciting to see how this union will unfold, bringing together the expertise of both teams.

Softstone390
Softstone390
March 15, 2024 12:33 am

The recent move by Brown & Brown to scoop up DealerMax’s assets shows they’re really stepping up their game in the automotive world, especially in the Northeast. Dealerships now have this awesome opportunity to level up their F&I services with the know-how and new offerings from this collaboration.

Megan Collins
Megan Collins
March 15, 2024 1:45 am

We’ve built a solid bond with the Maxims over the years in the automotive industry. It’s thrilling to welcome the seasoned DealerMax crew and loyal customers to Brown & Brown Dealer Services. Can’t wait to see their expertise blend with our BBDS team for some awesome collaborations!

Gia Sunrise
Gia Sunrise
April 3, 2024 11:33 pm
Reply to  Megan Collins

Totally pumped for the collaboration ahead! The DealerMax crew brings fresh energy. It’s like adding a turbo boost to our team! Did you know the first car radio debuted in 1922?

Nolan Creek
Nolan Creek
March 15, 2024 11:53 am
Reply to  Megan Collins

We’re all geared up for exciting collaborations with their expertise on board. We’re stoked to welcome the seasoned DealerMax crew and loyal customers into our family. Our bond with the Maxims in the automotive field is rock-solid. By the way, have you heard about the innovative strategies we’re crafting together? It’s going to be a game-changer!

Emma Ward
Emma Ward
March 15, 2024 9:35 am
Reply to  Megan Collins

Exciting times ahead as we mix the DealerMax crew’s know-how with our team for some cool projects! Did you hear about the car that became a magician? It vanished into thin air! Ready for some magical collaborations coming up?

Christopher Green
Christopher Green
March 15, 2024 3:01 am

Can you believe the latest news about Brown & Brown acquiring DealerMax’s assets? I can’t believe the exciting opportunities ahead with their expanded F&I services. It’s like they’re joining forces to take the automotive market by storm in the Northeastern U.S. I’m pretty thrilled for both teams! What’s your take on this game-changing move?

Elizabeth King
Elizabeth King
March 15, 2024 5:38 am

I was checking out this cool news about Brown & Brown and DealerMax teaming up! Their partnership is gonna shake things up in the F&I automotive industry, bringing fresh ideas and top-notch services. What do you think about this exciting collaboration between these industry leaders?

FluffyK9Paw-c97
FluffyK9Paw-c97
March 15, 2024 1:46 pm

Did you hear the latest scoop? Brown & Brown just upped their game by snatching up DealerMax’s assets. It’s like they’re setting the stage for some seriously cool new stuff for both companies and all the peeps they serve. Exciting times ahead!

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Hi, you might find this article from Modern Campground interesting: Brown & Brown Expands Portfolio by Acquiring Assets of DealerMax! This is the link: https://moderncampground.com/usa/florida/brown-brown-expands-portfolio-by-acquiring-assets-of-dealermax/