Brown & Brown Acquires Tire Shield to Bolster Admin Services, $240M Volume Ranks 426th in Daily Trading Activity

On August 12, 2025, Brown & Brown (NYSE: BRO) closed with a 0.17% gain, trading at $0.24 billion in volume, placing it 426th in daily trading activity. The company announced its subsidiary, Brown & Brown Dealer Services (BBDS), has acquired the assets of Tire Shield, a 1997-founded firm specializing in administrative services for tire and wheel road hazard products and GAP waiver offerings in the RV, automotive, and power sports sectors. The Tire Shield team will retain operations from Las Vegas offices and report to William Kelly, president of BBDS’s administrative services.

This acquisition expands BBDS’s service portfolio by integrating GAP waiver administration capabilities into its existing vehicle service contract offerings. Mike Neal, BBDS president, highlighted the strategic value of diversifying administrative services to strengthen the dealer services segment. Mark Otto, Tire Shield’s owner, emphasized the potential for enhanced innovation and customer value through the partnership. Brown & Brown, a global insurance brokerage with over 23,000 professionals across 700+ locations, continues to prioritize targeted acquisitions to broaden its specialized service ecosystem.

The transaction aligns with Brown & Brown’s long-term strategy of integrating niche service providers to reinforce its market position. While financial terms were undisclosed, the acquisition is consistent with the company’s pattern of bolt-on deals aimed at expanding administrative capabilities in sectors like automotive dealer services. Analysts have recently adjusted price targets for BRO, reflecting mixed sentiment amid concerns over Florida property market challenges and operational costs, though some maintain a positive outlook based on valuation metrics.

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