Brown & Brown buys Arkansas-based CSI Insurance
Insurance broker Brown & Brown has acquired the assets of Coffman-Standridge CSI Insurance, an Arkansas-based provider of property and casualty insurance products.
Founded in 2010 by Mark Coffman and the late Greg Standridge, CSI has annual revenues of approximately $1.5 million.
Following the acquisition, the CSI 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.
White said: “This combination with Mark and CSI’s high-quality, experienced team offers a unique opportunity to expand our presence in Central Arkansas. 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 commented: “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.”
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