Brown & Brown Acquires RF Ougheltree & Associates in New Jersey

Brown & Brown Inc. announced that its wholesale brokerage division, Hull & Company, has acquired certain assets of RF Ougheltree & Associates LLC in Lyndhurst, New Jersey. Terms of the transaction were not disclosed.

RF Ougheltree & Associates was founded in 2000 by Bob Ougheltree as a specialty intermediary focused solely on executive and professional liability insurance for public and privately held companies. The firm has annual revenues of approximately $1.0 million.

Following the transaction, Bob Ougheltree and members of the RF Ougheltree team will continue to serve their clients and carrier partners as part of Hull & Company’s operations in New Jersey, Brown & Brown said in the announcement.

Florida-based national insurance broker Brown & Brown Inc., through its subsidiaries, offers insurance and reinsurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration and other services. Brown & Brown serves business, public entity, individual, trade and professional association clients nationwide.