Brown & Brown, Inc. Achieves Major Milestone in the Development of New Daytona Beach Campus
December 21 2020 - 5:30PM
Brown & Brown, Inc. (NYSE: BRO) today announced that it
received a certificate of occupancy from the City of Daytona Beach
on Friday, December 18, 2020, for its new office building located
at 300 North Beach Street. The new facility is part of an overall
campus development that includes 15 acres of land located directly
across from the Halifax River. The 11-story building with
approximately 225,000 square feet will be the home to four
businesses and its corporate headquarters. The building will
support up to 900 teammates, once fully occupied, and is part of
the company's overall growth plans, which include hiring at least
600 new jobs in Volusia County. The building also contains multiple
training rooms that will support Brown & Brown University, a
proprietary teammate development platform that supports continuous
growth and career expansion. Teammates will begin the transition to
working in the new building in early January 2021.
J. Powell Brown stated, "We are extremely
excited to move into our new home. This new facility will be a
centerpiece for Brown & Brown and will serve as a location to
train our teammates and share our culture. The open design will
help facilitate collaboration and new ways of working for our
teammates. We are a forever company and have been doing this for 81
years. We plan to do it for at least another 80 years, and this
building and campus truly demonstrate our commitment to Daytona
Beach, the surrounding area, and our teammates."
J. Hyatt Brown commented, “Brown & Brown is
very proud to be a participant in the renaissance of downtown
Daytona Beach. When I joined the firm in 1959, I would have never
envisioned the growth and development of our company.”
R. Andrew Watts stated, "When we started this
journey just a little over two years ago, our goal was to create a
work environment that engaged our teammates, encouraged
collaboration, and provided flexible work environments. We went
vertical in July 2019 and received a certificate of occupancy in
about 18 months, truly an incredible accomplishment, even with
multiple setbacks associated with COVID-19. We are on time, and it
would not have been possible without our key partners, including
RS&H, Barton Malow, Bomar Construction, Halifax Paving, Zev
Cohen & Associates, CBI, and all of the sub-contractors, many
of which are from the Volusia County area."
Brown & Brown, Inc. (NYSE: BRO) is a leading
insurance brokerage firm, providing risk management solutions to
individuals and businesses. With more than 80 years of proven
success and thousands of teammates, we offer knowledge you can
trust and strive to deliver superior customer service. For more
information, please visit bbinsurance.com.
This press release may contain certain
statements relating to future results, which are forward-looking
statements, including those associated with the timing of the
release of our third-quarter results. These statements are not
historical facts, but instead represent only the current belief of
Brown & Brown, Inc. and its subsidiaries (collectively the
"Company") regarding future events, many of which, by their nature,
are inherently uncertain and outside of the Company's control. It
is possible that actual events may differ from anticipated events
contemplated by these forward-looking statements and that we may
release our third-quarter results at a later date as a result.
Further information concerning the Company and its business,
including factors that potentially could materially affect the
Company's release of its financial results, are contained in the
Company's filings with the Securities and Exchange Commission. All
forward-looking statements made herein are made only as of the date
of this release, and the Company does not undertake any obligation
to publicly update or correct any forward-looking statements to
reflect events or circumstances that subsequently occur or of which
the Company hereafter becomes aware.
R. Andrew WattsChief Financial Officer(386)
239-5770
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