Brown & Brown acquires Texas tax company

Oct 4, 2011

The following article was published in the Daytona Beach News-Journal on October 4, 2011:

Brown & Brown adquires Texas tax company 

By Tom Knox

Brown & Brown Inc. has agreed to acquire the assets of a Texas-based property tax consulting company.

Industry Consulting Group, with offices in Dallas and Wichita Falls, Texas, has $7.1 million in annualized revenues. It is the 20th acquisition made by Daytona Beach-based Brown & Brown this year, said Cory Walker, the insurance company’s chief financial officer. Those 20 acquisitions generate a total of $60 million in annual revenues, according to Walker.

Terms of Brown & Brown’s latest acquisition were not disclosed.

Dallas-based Industry Consulting Group has provided property tax consulting services for 25 years. It administers tax valuation, payment and reporting services to financial companies and others throughout the U.S.

Industry Consulting Group and its employees will remain in Dallas. It will keep its company name.

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