Brown & Brown announces asset acquisition of Coffman-Standridge
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc., and Mark A. Coffman, the sole shareholder of CSI Insurance, today announced that Brown & Brown of Arkansas, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Coffman-Standridge Incorporated d/b/a CSI Insurance. CSI Insurance was founded in 2010 by Mark Coffman and the late Greg Standridge. With annual revenues of approximately $1.5M, the firm provides property and casualty insurance products and services to customers throughout Arkansas. Following the acquisition, the CSI Insurance team will combine with Brown & Brown's Greater Central Arkansas operations and will operate under the leadership of C. Tim White, Executive Vice President of Brown & Brown of Arkansas.