Brown & Brown has acquired the assets of Tire Shield Inc., a provider of administrative services for tire and wheel road hazard and GAP waiver products in the RV, automotive, and power sports sectors.
Tire Shield, founded in 1997, offers its services to dealers and agents across multiple industries. Its team will join Brown & Brown Dealer Services (BBDS) and continue operations from its Las Vegas, Nevada, offices.
The group will report to William Kelly, president of BBDS’s administrative services unit.
Mike Neal (pictured above), president of BBDS, said the acquisition expands the company’s offerings to include GAP waiver administration services alongside its existing vehicle service contract administration services.
“The addition of Tire Shield allows us to broaden our offerings to include GAP waiver administration services in addition to our vehicle service contract administration services. We look forward to continuing to service and grow these businesses,” Neal said.
Mark Otto, Tire Shield’s owner, said joining BBDS opens opportunities to expand capabilities and customer service.
“We are thrilled to be joining the BBDS team. Together, we look forward to accelerating innovation and delivering even greater value,” Otto said.
The Tire Shield deal follows a series of strategic moves by Brown & Brown aimed at expanding capabilities and scale. In February, the company appointed Stephen P. Hearn as executive vice president and chief operating officer, assigning him oversight of operational growth, innovation initiatives, and talent development.
Earlier this month, Brown & Brown also completed its $9.83 billion acquisition of Accession Risk Management, a specialty managing general underwriter and program manager, adding more than 5,000 employees and significantly increasing its delegated underwriting and specialty program business.
The firm also reported second-quarter 2025 GAAP revenue of about $1.3 billion, up 9.1% year over year, driven by higher commissions and fees and 3.6% organic growth.
Elsewhere, Brown & Brown was also notably outbid by Gallagher to acquire Woodruff Sawyer for $1.2 billion, reflecting the high level of competition for acquisition targets in the sector.
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