On August 12, 2025, Brown & Brown, Inc. (NYSE: BRO), through its subsidiary Brown & Brown Dealer Services (BBDS), acquired the assets of Tire Shield, Inc., a company founded in 1997 that provides administrative services for tire and wheel road hazard products and GAP waiver products in the RV, automotive, and power sports industries. This acquisition, announced by J. Scott Penny, Brown & Brown’s chief acquisitions officer, and Mark N. Otto, Tire Shield’s owner, enhances BBDS’s portfolio by adding GAP waiver administration services to its existing vehicle service contract administration offerings.

The Tire Shield team will join BBDS and continue operating from their Las Vegas, Nevada, offices, reporting to William Kelly, president of BBDS’s administrative services. Mike Neal, BBDS president, highlighted that the acquisition broadens their service capabilities, enabling growth in serving dealers and agents. Mark Otto expressed enthusiasm for the partnership, noting it will accelerate innovation and deliver greater value to customers. Financial terms of the deal were not disclosed.

This move follows Brown & Brown’s strategic expansion efforts, including their $9.83 billion acquisition of Accession Risk Management earlier in 2025, and aligns with their goal to enhance specialized insurance solutions across industries. The company, headquartered in Daytona Beach, Florida, operates over 700 locations globally with more than 23,000 professionals.