SOURCE: Brown & Brown, Inc.

Brown & Brown, Inc.

March 01, 2011 08:53 ET

Brown & Brown, Inc. Names Vaughn Stoll as Director of Acquisitions

DAYTONA BEACH, FL and TAMPA, FL--(Marketwire - March 1, 2011) - J. Scott Penny, Chief Acquisitions Officer and Regional President of Brown & Brown, Inc. (NYSE: BRO), is pleased to announce that, effective immediately, Vaughn Stoll, CPA, currently Regional Financial Officer for the Company, has been selected to serve as the Company's Director of Acquisitions. In his new position, Mr. Stoll will be responsible for assisting the Company's senior leadership and profit center leaders to identify and evaluate acquisition opportunities for the Company and its subsidiaries throughout the United States. 

Mr. Stoll joined Brown & Brown as Regional Financial Officer in April 2009. In that position, Mr. Stoll has been responsible for the oversight of financial operations for multiple profit centers across the United States in each of the Company's four business divisions -- Retail, Wholesale Brokerage, Programs and Services. Additionally, Mr. Stoll has played an integral part in numerous acquisitions for the Company, taking a leading role from inception to due diligence, and on through completion and integration.

Mr. Stoll earned his Bachelor of Science degree in Accounting from the University of Florida. Additionally, he holds a Master of Accountancy degree from the University of South Florida. Mr. Stoll is also a Certified Public Accountant.

Prior to joining Brown & Brown, Mr. Stoll served as Chief Financial Officer for a publicly-held construction and environmental company, and for a private building materials firm, each in South Florida. Prior to that, Mr. Stoll served as a Tax Development Analyst for Arthur Andersen LLP, and later as Audit Supervisor for Nowlen, Holt & Miner, a regional accounting firm.

Commenting on Mr. Stoll's new role, Mr. Penny said, "We are very pleased to promote Vaughn to this very important position within our Company. In addition to organic growth, the Company's continued growth through mergers and acquisitions is a key part of our business model. As Director of Acquisitions, Vaughn will play a critical part in, identifying, assessing and pursuing high-quality M&A partners with the right cultural fit for our Company."

Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third-party administration, managed health care, Medicare set-aside, and Social Security and Medicare benefits advocacy services and programs. Providing service to business, public entity, individual, trade and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States' seventh largest independent insurance intermediary. The Company's Web address is www.bbinsurance.com.

This press release may contain certain statements relating to future results which are forward-looking statements. These statements are not historical facts, but instead represent only the Company's current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. It is possible that the Company's actual results, financial condition and achievements may differ, possibly materially, from the anticipated results, financial condition and achievements contemplated by these forward-looking statements. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results and condition, as well as its other achievements, are contained in the Company's filings with the Securities and Exchange Commission. All forward-looking statements made herein are made only as of the date of this release, and the Company does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company hereafter becomes aware.

Contact Information

  • J. Scott Penny
    Chief Acquisitions Officer &
    Regional President
    (386) 239-4066