Brown & Brown, parent company of Beecher Carlson and provider of insurance, risk management and other services, has acquired all of the assets of Coffman Standridge CSI Insurance, an Arkansas-based provider of property and casualty insurance products.
Following this deal, the CSI Insurance team will combine with Brown & Brown’s Greater Central Arkansas operations and will operate under the leadership of Tim White, executive vice president of Brown & Brown of Arkansas.
CSI Insurance was founded in 2010 by Mark Coffman and the late Greg Standridge. It has annual revenues of approximately $1.5 million.
"This combination with Mark and CSI’s high-quality, experienced team offers a unique opportunity to expand our presence in Central Arkansas," said White. "There’s a strong cultural, strategic fit, and we believe together we’ll be even better positioned in providing outstanding service and products to our valued customers, as well as furthering our impact to the Russellville community."
Coffman added: “We are excited to take our business in this new direction. Joining Brown & Brown was a strategic decision driven by our desire to make a long-term investment in the value we bring to our clients and teammates. The existing relationship with the local Brown & Brown office, coupled with the opportunities afforded by our new affiliation, is a perfect fit for us.”
Brown & Brown acquired captive manager Beecher Carlson in 2013.
Beecher Carlson, Brown & Brown, CSI Insurance, Arkansas, North America