Scott Penny, Chief Acquisitions Officer of Brown & Brown (BRO), and Randy Schumacher and Kara Schumacher, the controlling members of Fitness Insurance, announced the acquisition of certain assets of Fitness Insurance by Brown & Brown of Colorado, a subsidiary of Brown & Brown.
Fitness Insurance was founded by Randy and Kara Schumacher in 2007 to provide insurance products targeted to the health club fitness industry.
Fitness Insurance has annual revenues of approximately $3.2 million. Randy and Kara will continue to the lead the operations out of the offices of Brown & Brown of Colorado in Denver, Colorado.
John Esposito, President of Brown & Brown of Colorado, stated, "Randy and Kara have leveraged their thirty years of experience in providing for the insurance needs of the fitness club industry to build an impressive agency that is well respected by the industry and valued by its carrier partners."
Randy Schumacher stated, "Kara and I are extremely excited to be joining the Brown & Brown team and look forward to a very productive and fulfilling relationship. We believe the resources of Brown & Brown provide an opportunity to become a more dominant force in the fitness insurance industry."
Brown & Brown, through its subsidiaries, offers a broad range of insurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services.