Brown & Brown, Inc. enters into agreement to acquire Accession Risk Management Group

Core Viewpoint - Brown & Brown, Inc. has announced an agreement to acquire Accession Risk Management Group, Inc. for a gross purchase price of $9.825 billion, expected to close in Q3 2025, subject to regulatory approvals [2][3][4] Company Overview - Brown & Brown, Inc. is a leading insurance brokerage firm with over 17,000 professionals and a global presence across 500+ locations, providing customer-centric risk management solutions since 1939 [8] - Accession Risk Management Group, established in 1997, is the ninth largest privately held insurance brokerage in the U.S., with pro forma adjusted revenues of approximately $1.7 billion for 2024 and over 5,000 insurance professionals [3][9] Transaction Details - The acquisition will be executed on a cash and debt-free basis, with the waiting period for antitrust filings already expired [2] - Following the acquisition, Risk Strategies will integrate into Brown & Brown's Retail segment, while One80 Intermediaries will join the new Specialty Distribution segment [4] Strategic Benefits - The acquisition aims to combine two culturally aligned organizations, enhancing customer relationships and expanding market offerings [5] - It is expected to drive shareholder value through anticipated revenue and cash flow growth, with acquired operations estimated to be accretive to Brown & Brown's 2024 adjusted diluted net income per share [6]