Brown & Brown Dealer Services (BBDS) announced the acquisition of the assets of The Protectorate Group Insurance Agency, doing business as American Adventure Insurance, adding a dealer‑centric insurance platform that serves motor homes, travel trailers, campers, boats, personal watercraft, motorcycles, and finance‑and‑insurance products for automotive dealers.
The deal brings more than 1,500 dealerships into BBDS’s network, giving the company a broader distribution base for its commercial and consumer insurance products. The American Adventure team will continue to operate nationwide under BBDS, reporting to BBDS president Mike Neal, and owner Paul Bender will remain in charge of the team.
"Paul is a recognized authority in enabling his dealer partners by providing insurance products for their shared customers. The American Adventure team will expand and enhance BBDS's capabilities," Neal said. Bender added, "I've been building this dealer‑centric model since 1992, American Adventure is what that original DNA looks like today – move quickly, take care of dealers and their customers. Our network of more than 1,500 dealerships, combined with Brown & Brown's depth of products and expertise, gives our people and partners a platform built to help us scale without losing our edge, and I couldn't be more excited to build the next chapter with Mike and the BBDS team."
Brown & Brown’s Q4 2025 earnings, released on January 27, 2026, showed a revenue miss of $1.6 billion versus the $1.65 billion consensus, while EPS of $0.93 beat expectations of $0.91. The company’s revenue growth of 35.7% YoY and full‑year revenue of $5.9 billion, up 23% YoY, underscore a strong growth trajectory that the acquisition is designed to accelerate by deepening dealer relationships and expanding product cross‑sell opportunities.
The acquisition is part of Brown & Brown’s aggressive M&A strategy, which closed 43 deals in 2025 alone, including the largest acquisition to date, Accession Risk Management Group. By adding American Adventure’s dealer‑centric expertise, BBDS strengthens its position in the automotive and recreational vehicle insurance markets and creates new avenues for cross‑selling its existing product lines.
The move also aligns with industry trends toward specialized dealer‑centric insurance solutions, positioning Brown & Brown to capture a larger share of the growing recreational vehicle and powersport insurance market while leveraging its robust MGA/MGU platform to deliver scalable, high‑margin products to a nationwide dealer network.
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