Brown & Brown, Inc. acquires the assets of Tire Shield
Brown & Brown (NYSE:BRO) has announced that its subsidiary Brown & Brown Dealer Services (BBDS) has acquired the assets of Tire Shield, a company specializing in administrative services for tire and wheel road hazard products and GAP waiver products in the RV, Automotive, and Power Sports Industries.
Founded in 1997, Tire Shield will continue operations from their Las Vegas offices, with the team reporting to William Kelly, president of BBDS's administrative services. The acquisition enables BBDS to expand its service portfolio by adding GAP waiver administration services to complement its existing vehicle service contract administration services.
Brown & Brown (NYSE:BRO) ha annunciato che la sua controllata Brown & Brown Dealer Services (BBDS) ha acquisito gli asset di Tire Shield, una societ脿 specializzata in servizi amministrativi per prodotti di copertura dei danni a pneumatici e cerchioni e per prodotti GAP waiver nei settori RV, automotive e Power Sports.
Fondata nel 1997, Tire Shield manterr脿 le operazioni dai suoi uffici di Las Vegas, con il team che far脿 riferimento a William Kelly, presidente dei servizi amministrativi di BBDS. L'acquisizione permette a BBDS di ampliare il proprio portafoglio di servizi aggiungendo l'amministrazione delle GAP waiver a complemento dell'attuale gestione dei contratti di servizio per veicoli.
Brown & Brown (NYSE:BRO) ha anunciado que su filial Brown & Brown Dealer Services (BBDS) ha adquirido los activos de Tire Shield, una empresa especializada en servicios administrativos para productos de cobertura por da帽os a neum谩ticos y llantas y en productos GAP waiver en las industrias de RV, automoci贸n y Power Sports.
Fundada en 1997, Tire Shield continuar谩 operando desde sus oficinas en Las Vegas, con el equipo reportando a William Kelly, presidente de los servicios administrativos de BBDS. La adquisici贸n permite a BBDS ampliar su cartera de servicios a帽adiendo la administraci贸n de GAP waiver para complementar sus actuales servicios de gesti贸n de contratos de servicio de veh铆culos.
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1997雲� 靹る霅� Tire Shield電� 霛检姢氩犾澊瓯办姢 靷靻岇棎靹� 瓿勳啀 鞖挫榿霅橂┌, 韺�鞚� BBDS 頄夓爼靹滊箘鞀� 雽�響� William Kelly鞐愱矊 氤搓碃頃╇媹雼�. 鞚措矆 鞚胳垬搿� BBDS電� 旮办〈鞚� 彀焿 靹滊箘鞀� 瓿勳暯 甏�毽� 靹滊箘鞀れ棎 雿旐暣 GAP 鞗澊氩� 甏�毽� 靹滊箘鞀るゼ 於旉皜頃橃棳 靹滊箘鞀� 韽姼韽措Μ鞓るゼ 頇曥灔頃橁矊 霅╇媹雼�.
Brown & Brown (NYSE:BRO) a annonc茅 que sa filiale Brown & Brown Dealer Services (BBDS) a acquis les actifs de Tire Shield, une soci茅t茅 sp茅cialis茅e dans les services administratifs pour les produits de protection contre les dommages aux pneus et jantes et pour les produits GAP waiver dans les secteurs des v茅hicules de loisirs (RV), de l'automobile et des sports motoris茅s.
Fond茅e en 1997, Tire Shield continuera d'op茅rer depuis ses bureaux de Las Vegas, l'茅quipe relevant de William Kelly, pr茅sident des services administratifs de BBDS. Cette acquisition permet 脿 BBDS d'茅largir son portefeuille de services en ajoutant la gestion des GAP waiver en compl茅ment de ses services existants d'administration des contrats de service v茅hicules.
Brown & Brown (NYSE:BRO) hat angek眉ndigt, dass seine Tochtergesellschaft Brown & Brown Dealer Services (BBDS) die Verm枚genswerte von Tire Shield 眉bernommen hat, einem Unternehmen, das auf administrative Dienstleistungen f眉r Reifen- und Felgenschutzprodukte sowie GAP-Verzichtsprodukte in den Bereichen Wohnmobile (RV), Automobil und Powersport spezialisiert ist.
Gegr眉ndet 1997, wird Tire Shield weiterhin von seinen B眉ros in Las Vegas aus t盲tig sein, wobei das Team an William Kelly, Pr盲sident der administrativen Dienste von BBDS, berichtet. Die 脺bernahme erm枚glicht es BBDS, sein Dienstleistungsportfolio zu erweitern, indem GAP-Verzichtsverwaltungsdienste zus盲tzlich zur bestehenden Verwaltung von Fahrzeug-Servicevertr盲gen angeboten werden.
- Strategic expansion into GAP waiver administration services
- Retention of existing Tire Shield operations and team in Las Vegas
- Complementary addition to BBDS's vehicle service contract administration services
- Geographic expansion in the Las Vegas market
- Potential integration risks and challenges with existing operations
- Undisclosed acquisition cost and financial terms
Insights
Brown & Brown expands its dealer services through Tire Shield acquisition, broadening its administrative services portfolio while maintaining operational continuity.
Brown & Brown Dealer Services (BBDS) has acquired the assets of Tire Shield, a company established in 1997 that provides administrative services for tire and wheel road hazard products and GAP waiver products across the RV, Automotive, and Power Sports industries.
This acquisition strategically expands BBDS's service offerings to include GAP waiver administration services, complementing their existing vehicle service contract administration portfolio. This diversification strengthens their market position in the dealer services segment and potentially creates cross-selling opportunities across their customer base.
From an operational perspective, the deal maintains continuity as the Tire Shield team will continue to operate from their Las Vegas offices while integrating into the Brown & Brown corporate structure. They'll report to William Kelly, president of BBDS's administrative services division, ensuring leadership alignment while preserving existing customer relationships.
This transaction represents a typical bolt-on acquisition for Brown & Brown, which has built a significant portion of its growth strategy around integrating specialized service providers. With 700+ locations and 23,000+ professionals globally, Brown & Brown continues to expand its insurance brokerage capabilities through targeted acquisitions that extend its service capabilities.
While financial terms weren't disclosed, this acquisition aligns with Brown & Brown's established pattern of acquiring specialized service providers that complement their existing insurance and administrative service offerings, particularly in niche markets like automotive dealer services.
DAYTONA BEACH, Fla., Aug. 12, 2025 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Mark N. Otto, the owner of Tire Shield, Inc. (鈥�Tire Shield鈥�), today announced that Brown & Brown Dealer Services (鈥�BBDS鈥�) has acquired the assets of Tire Shield.
Founded in 1997, Tire Shield offers administrative services for dealers and agents providing tire and wheel road hazard products and GAP waiver products for the RV, Automotive and Power Sports Industries. The Tire Shield team will join Brown & Brown Dealer Services and continue to operate from their offices in Las Vegas, Nevada. The team will report to William Kelly, president of BBDS鈥檚 administrative services.
Mike Neal, president of BBDS, stated, 鈥淲e are excited to welcome the Tire Shield team and their valued customers to Brown & Brown Dealer Services. The addition of Tire Shield allows us to broaden our offerings to include GAP waiver administration services in addition to our vehicle service contract administration services. We look forward to continuing to service and grow these businesses.鈥�
Mark Otto said, 鈥淲e are thrilled to be joining the BBDS team. This marks a new chapter for us, enabling broader capabilities and opportunities to serve our customers. Together, we look forward to accelerating innovation and delivering even greater value.鈥�
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of more than 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at bbrown.com.
This press release may contain certain statements relating to future results, which are forward-looking statements, including those associated with this acquisition. These statements are not historical facts but instead represent only Brown & Brown鈥檚 current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown鈥檚 control. It is possible that Brown & Brown鈥檚 actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown鈥檚 financial results and condition, as well as its other achievements, is contained in Brown & Brown鈥檚 filings with the Securities and Exchange Commission. Such factors include those factors relevant to Brown & Brown鈥檚 consummation and integration of the announced acquisition, including any matters analyzed in the due diligence process and material adverse changes in the business and financial condition of the seller, the buyer, or both, and their respective customers. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.
For more information:
R. Andrew Watts
Chief financial officer
(386) 239-5770
FAQ
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