Benzinga | Dec 13, 2021 05:10PM EST

Brown & Brown Reports Purchase Of Dealer Admin. Services By Brown & Brown Dealer Services, No Terms Disclosed

J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Bill Kelly and Joel Kansanback, owners of Dealer Admin. Services, Inc. ("DAS"), today announced that Brown & Brown Dealer Services ("BBDS") has acquired substantially all of the assets of DAS.

DAS is a dealer-centric administrator that provides aftermarket F&I product solutions for franchise and pre-owned dealers. DAS will become a division of Brown & Brown Dealer Services, under the leadership of Mike Neal--Bill Kelly will continue to lead the DAS operations from offices in Bloomington, Minnesota.

Mike stated, "DAS has supported our valued BBDS dealer customers since Bill and Joel joined the Brown & Brown team as part of the ADG acquisition. The addition of the DAS team will allow us to further enhance the unique solutions we provide to our dealers along with our other product provider partners."