Brown & Brown (Europe) Limited (Brown & Brown) has today announced its acquisition of 100% of the share capital of R McGee Insurance Brokers Limited (R McGee). The deal has received regulatory approval, and the consideration is undisclosed.
R McGee, a family-run personal and commercial lines broker based in Maesteg, Glamorgan, has severed the South Wales community since 1974. The firm is headed up by MD Andrew McGee, who is supported by his wife (Julie) and son (Simon) as fellow directors.
Under the terms of the deal, Brown & Brown revealed that the business will report to Matt Hartigan, Brown & Brown retail director and CEO of Higos, Brown & Brown’s broker for the South West.
Commenting on the acquisition, Hartigan said: “At Brown & Brown, we love family businesses, and McGee is no exception.”Andrew, Julie and Simon’s business is an object lesson in how to build a successful community broker predicated on high-quality service and a deep understanding of the community where the firm operates.
“It’s great that they have agreed to commit their future to Brown & Brown, and we look forward to giving the team all the additional support they need to take R McGee to the next level.”
Andrew McGree also commented on the deal and said the R McGee team is looking forward to putting its future and the futures of its customers into the hands of Brown & Brown.
“The family ethos that runs through the business even now was apparent in our discussions with Matt, and that was an important factor in our decision to sell,” he said. “Matt painted a compelling picture of the opportunities ahead for ourselves and our customers and clients, and we’re excited to be a part of it.”
In a Press release, Brown & Brown noted that the McGee office in Maesteg will remain in place, while the entire team will move across to become Brown & Brown teammates.
