Innovative Risk Solution Inc
DOWLING HALES ANNOUNCES ANOTHER SUCCESSFUL TRANSACTION: INNOVATIVE RISK SOLUTIONS ANNOUNCES ITS SALE TO BROWN & BROWN. Dowling Hales served as exclusive financial advisor to Innovative Risk Solutions (“Innovative” or the “Company”) in its sale to Brown & Brown. Founded in 2004 and based in Egg Harbor Township, NJ, Innovative provides employee benefits solutions to middle market and public sector clients. Post-transaction, Innovative founder Sean Gormley will continue to lead the operation as a stand-alone office within Brown & Brown’s Retail Segment.
Target Company
Innovative Risk Solution Inc
Acquirer Company
Brown & Brown, Inc
Acquisition Date
July 2019
Sector
Insurance
Acquisition Date
July 2019
Industry
Employee Benefits
Region
USA
State of Acquired
NJ
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