| Brooke Franchise Corp. to Acquire Chicago Area Agency Network
Brooke Franchise Corp., a subsidiary of Brooke Corp. recently announced an agreement to acquire 60 insurance agency locations from entities associated with Chicago-based J and P Holdings Inc. The acquisition is expected to close on Sept. 28, 2007 and is subject to typical closing conditions. The agencies currently sell auto insurance under the trade names of Lone Star Auto, Insurance Xpress, Car Insurance Store, Hallberg Insurance Agency and Hallberg Xpress in Colorado, Illinois, Kansas, Missouri and Texas. The acquired agencies will be converted into Brooke franchises or merged into existing Brooke franchise locations. "This acquisition is a good geographical fit with our existing franchise locations that specialize in auto insurance sales and provides opportunity for current Brooke franchisees to grow through acquisition," said Kyle Garst, Brooke Franchise Corp.'s chairman and chief executive officer.
Brooke unit buys 60 insurance agency locations from Chicago firm
Brooke Franchise Corp. today said it its buying 60 insurance agency locations associated with J and P Holdings Inc. of Chicago. Brooke Franchise, a subsidiary of Overland Park-based Brooke Corp., said the acquisition is expected to close Friday. No financial terms were disclosed. In a news release, Brooke Franchise said the agencies sell auto insurance under the trade names of Lone Star Auto, Insurance Xpress, Car Insurance Store, Hallberg Insurance Agency and Hallberg Xpress in Kansas, Missouri, Colorado, Illinois and Texas. The acquired agencies will be converted into Brooke franchises or merged into existing Brooke franchise locations. The company said the deal boosts its franchise locations to about 900. "This acquisition is a good geographical fit with our existing franchise locations that specialize in auto insurance sales and provides opportunity for current Brooke franchisees to grow through acquisition," said Kyle Garst, Brooke Franchise's chairman and chief executive officer.
Johnson grateful for shot with Cowboys
Grateful for receiving an opportunity to resurrect a career derailed by repeated brushes with the law, newly signed Dallas Cowboys defensive tackle Tank Johnson vowed Wednesday to justify the considerable faith owner Jerry Jones has shown in him. "Most importantly right now is just to understand that you're representing a great franchise, a great group of people, who have faith in you," Johnson said. "To have that type of environment where you know you have people pushing for you to succeed, you don't want to let those people down. "I've been through that, and it's not a feeling I wish upon anyone." Johnson, 25, said he's dealt with a "lot of tragedy and heartache" in the past seven months, a period in which he went from being a prominent piece of the defending NFC champion Chicago Bears' rugged defense to an unemployed, suspended poster boy for what awaits violators of NFL commissioner Roger Goodell's strict personal-conduct code.
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