Brown & Brown has announced that its subsidiary, Brown & Brown Insurance Agency of Virginia, is to acquire the total assets of Kerxton Insurance Agency and Fitness Underwriters (collectively, Kerxton Insurance).
Kerxton Insurance generates annual revenues of around $5 million and provides a variety of personal and business insurance products and services to clients throughout the U.S. Its Fitness Underwriters brand is known for providing insurance to health and fitness clubs.
Kerxton Insurance will be relocated following the acquisition. The company will move to Brown & Brown’s existing offices in Manassas, Virginia, and will be operate under Brown & Brown Insurance Agency of Virginia’s President, Bill Strachan.
Strachan commented on the acquisition from Kerxton Insurance’s shareholders, Jeff and Brad Kerxton, saying: “I have known Jeff and Brad for over 20 years and am excited to work with them and their talented team. We are thrilled to combine our operations together and look forward to our continued growth in the DC Metro marketplace and beyond.”
Jeff Kerxton added: “We are very excited about joining the Brown & Brown team. Our values, team members, and resources align extremely well. Both teams have a commitment to excellence that is second to none, and I am very confident, together, we will continue to grow within the markets and industries we serve.”
Brown & Brown offers a range of insurance products through its subsidiaries, including risk management and third-party administration services, and serves business, public entity, individual, trade, and professional clients across the U.S.
