Brown & Brown acquires assets of Mavum Consulting, Risk Management firms

Brown & Brown Indiana, a subsidiary of Brown & Brown, has acquired substantially all of the assets of Mavum Consulting and Mavum Risk Management.

Mavum Consulting and Mavum Risk Management provide insurance products and services to businesses and individuals throughout the greater Indianapolis metropolitan area, with annualized revenues of approximately $1.3m.

Mavum Consulting and Mavum Risk Management’s employees will relocate to Brown & Brown of Indiana’s existing Indianapolis office, under the leadership of Fred McClaine.

Rod Reasen, the founder and owner of the Mavum companies, will assist in the transition of the acquired operations to Brown & Brown.

Penny, who is responsible for Brown & Brown’s retail operations throughout Indiana, said the Indianapolis office has grown significantly over the last few years, and honored to have Andrew Lockerbie and the other members of Mavum team join operation and contribute to the growth and success.