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We are proud to announce that Brown & Brown and our team of companies has once again been certified... Read More . Minneapolis-based Hays Cos., a business insurance and employee benefits brokerage, has agreed to be acquired for $705 million by Brown & Brown, a publicly held insurance firm … Although there’s an age difference, both companies share the same cultural values, making them a cohesive match. January 4, 2021. Brown & Brown, Inc. has entered into an agreement to acquire Hays Companies. Photo: courtesy of Richard Dudley/Freeimages.com. The transaction is expected to close in November 2018, subject to certain closing conditions. Home / Investors / Calendar of Events. News Brown & Brown Inc. enters into agreement with Hays Companies The deal, expected to close in November 2018, is the largest in Brown & Brown's 75+ years. Gary Brown Vice President at Hays Companies Greater Minneapolis-St. Paul Area Insurance. This press release may contain certain statements relating to future results which are forward-looking statements, including those associated with this acquisition; the appointments of those individuals currently employed by Hays Companies to leadership positions with Brown & Brown after the transaction; and the integration of the current Hays Companies operations with Brown & Brown after the transaction. Featured Jobs. The transaction is expected to close in November 2018, subject to certain closing conditions. Hays Companies. “Our organizations,” Brown reflected. Executive Vice President at Hays Companies, Part Of The Brown & Brown Team Minneapolis, Minnesota 500+ connections. Hays Companies will retain its name, while its executive group and account teams will not change, the company claims. James Hays biography. Hays will operate as a region inside Brown & Brown retail. Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously-announced acquisition of Hays Companies (“Hays”) by Brown & Brown, Inc. Read more The Hays Companies focuses on risk management, commercial insurance, employee benefits, consulting services, specialty programs and private client services. This is a new era for Hays Companies. and another roughly $100 million in stock. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results and condition, as well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Commission. It is possible that actual results may differ, possibly materially, from the anticipated results indicated in these forward-looking statements due to a number of risks and uncertainties. Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance products and related services. Brown & Brown Inc. has agreed to acquire the assets of the Hays Companies insurance operations. Brown & Brown is one of the largest and most respected independent insurance brokerages in the world. Brown & Brown will pay about $600 million in cash for Hays Cos . Brown & Brown, a re/insurance products and services provider, has signed an agreement to acquire Hays Companies insurance operations for an undisclosed sum. Brown & Hays, P.C. We are excited to have the experience and client focused team of Hays Companies join with us under the leadership of Jim and Mike.”, Jim Hays stated, “After 24 years as an independent insurance broker, we feel the time is now to partner with an industry leader who shares our cultural values. Hays Companies is one of the fastest growing risk management, insurance and employee benefits advisors in the country. This partnership enhances our ability to provide expanded solutions for our clients and new opportunities for our employees. These risks and uncertainties include, but are not limited to: Brown & Brown’s consummation and integration of the announced acquisition, including adequately addressing any matters analyzed in the due diligence process; Brown & Brown’s ability to retain Hays Companies’ clients following the transaction; the post-transaction performance of the operations acquired from Hays Companies combined with Brown & Brown’s operations; material adverse changes in the business and financial condition of Hays Companies, Brown & Brown, or both, and their respective clients; material adverse changes in economic conditions in the markets Brown & Brown serves and in the general economy; management’s decisions after the transaction regarding employment positions with Brown & Brown; the inability of certain individuals to fill certain positions with Brown & Brown after the transaction; changes to management’s strategy, including the future strategic decisions regarding its insurance carrier relationships and/or the products and services it offers its distribution partners; future regulatory actions and conditions in the states in which Brown & Brown conducts its business; competition from others in the insurance agency, wholesale brokerage, insurance programs and service business. Brown's Propane, Inc. is a Montana Domestic Corporation filed on November 15, 1985. Brown & Brown has agreed to acquire the assets of the Hays Companies insurance operations for an undisclosed price. Company News. The operations will continue to be led by Jim Hays, as Chief Executive Officer, and Mike Egan as President/COO of the Hays Companies. Hays Companies will operate as a region inside Brown & Brown Retail, one of four divisions. View Gary Brown’s full profile. Dissolved and its File Number is J302590. The company's principal address is 354 Sellers St Sw, Pelham, GA 31779-1835. For more information on Brown & Brown, visit www.bbinsurance.com. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Hays Companies. All Rights Reserved. Hays Companies will operate as a region inside Brown & Brown Retail. Hays Companies’ current operations can be reviewed at www.hayscompanies.com. Learn More. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Brown & Brown, Inc. Join to Connect. Home Globe Newswire News Releases Brown & Brown, Inc. Enters Into Agreement to Acquire Hays Companies Ad blocking detected Thank you for visiting CanadianInsider.com. It's free! This partnership enhances our ability to provide expanded solutions for our clients and new opportunities for our employees. We provide risk management solutions to help protect what our customers value most. Mike will continue reporting to Jim and Jim will report up to Powell Brown, Chief Executive Officer of Brown & Brown. These statements are not historical facts, but instead represent only Brown & Brown’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown’s control. With Brown & Brown’s almost 80 years of proven success and thousands of teammates, we offer knowledge you can trust and strive to deliver superior customer service. The operations will continue to be led by Jim Hays, as Chief Executive Officer of the Hays Companies… Powell Brown stated, “For the past several years, Jim and I have gotten to know one another both professionally and personally. Hays Companies will operate as a region inside Brown & Brown Retail. . It became clear to me over that time that our organizations share a common sales, service, entrepreneurial and teammate focused culture which delivers results and that joining the Hays Companies team with Brown & Brown will be mutually beneficial to our collective clients, teammates and carrier partners. Browse Available Positions. Nurture your network and further your business goals with smart intelligence on the people and companies that matter most to you. C.F. 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