Brown & Brown Acquires PDA

7/16/18

DAYTONA BEACH, Fla., July 16, 2018 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Al Helmond, Kevin Riley and Don Abbott, principals of Professional Disability Associates, LLC, today announced that The Advocator Group, LLC, a wholly owned subsidiary of Brown & Brown, Inc., has acquired PDA.

PDA is an innovative disability services company and industry leader providing specialty claims management services, including medical file review, vocational services, and claim consulting, to major disability insurers, reinsurers and self-insured employers. PDA has annual revenues of approximately $15,000,000. The PDA team will continue to operate from their offices in Portland, Maine, as Professional Disability Associates, LLC, under the leadership of Al Helmond and Kevin Riley. PDA leadership will report to Julie Turpin, Chief Executive Officer of The Advocator Group.

Julie Turpin stated, “Like The Advocator Group, Al, Kevin and the PDA team have built a strong presence founded in expertise, sharing business insights and close relationships with clients. This partnership will allow both organizations to deliver service that drives deep and sustained value into carrier, customer and client relationships.”

Al Helmond stated, “We have a great level of respect for The Advocator Group. With the resources that The Advocator Group can make available to us, the PDA team will be able to further enhance the services we provide to our clients. We could not be more excited about this new partnership.”

Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance and reinsurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade and professional association clients nationwide, Brown & Brown is ranked by Business Insurance magazine as the United States’ sixth largest independent insurance intermediary. Brown & Brown’s Web address is www.bbinsurance.com.

The Advocator Group, LLC is a nationwide advocacy organization dedicated to helping individuals apply for and obtain Social Security Disability Insurance. In addition, The Advocator Group assists Medicare beneficiaries in identifying the best coverage possible for their unique needs. The company’s core values include creating opportunities, enriching lives, and growing through innovation. For more information, visit http://www.advocator.com.

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