Brown & Brown, Inc. (NYSE:BRO) acquired Substantially all of the assets of Corporate Insurance Advisors, L.L.C. on December 1, 2021. As a result of this transaction, Corporate Insurance Advisors team will operate from Brown & Brown's retail office in Ft. Lauderdale, Florida, under the leadership of Mike Gorham. Al Sica of Sica Fletcher, LLC acted as a financial advisor to Commercial Insurance Management Associates, LLC.

Brown & Brown, Inc. (NYSE:BRO) completed the acquisition of Substantially all of the assets of Corporate Insurance Advisors, L.L.C. for $29.5 million on December 1, 2021. Out of the total consideration, $15.3 million was paid in cash, $0.18 million in other payables while $14 million was potential earnout payments.