Translink is pleased to announce that Peakstone, its partner firm in the United States, served as exclusive M&A advisor to Finance & Insurance Resources, Inc. (“F&I Resources”) in connection with its acquisition by Brown & Brown, Inc. (“Brown & Brown” NYSE:BRO).
F&I Resources is a leader in finance and insurance performance management for auto dealers in the Northeast and Mid-Atlantic states, providing F&I sales training and auto related service contracts to its dealer partners. The F&I Resources team, which is lead by Jason Bayko and Bob Hunter, will become part of the Brown & Brown auto, RV and powersports practice, which operates under the leadership of Mike Neal, President of Brown & Brown of Kentucky, Inc.
Peakstone is the market leading advisor to automotive finance and insurance agencies, third party administrators, F&I ancillary product suppliers, and related commercial insurance agencies. Including F&I Resources, Peakstone has advised on 10 automotive finance and insurance transactions and is actively representing other vehicle extended warranty companies in the marketplace.
Mike Neal of Brown & Brown stated, “Jason and Bob have grown F&I Resources to be a best-in-class operation delivering sales performance training and warranty insurance products for their dealer partners. The F&I Resources team will provide additional expertise to our growing platform in this space and establish a base for operations in the Northeast. We are confident that this will complement and enhance our existing operations.”
Jason Bayko of F&I Resources stated, “I could not be more excited to become a part of Brown & Brown and their sales culture. We are now well positioned to grow by having access to additional insurance products, giving us a unique value proposition for our dealer partners.”
Bob Hunter of F&I Resources added, “Brown & Brown’s culture, which is focused on clients and teammates, is a perfect match for us. Joining our company with Brown & Brown will provide us the opportunity to enhance our relationships with our valued customers through additional product offerings and training. I want to take this time to thank our dedicated, talented and long-term team members and our clients for their past and continued support.”