Brown & Brown closes $9.825B acquisition of Accession Risk Management Group

BROWN & BROWN, INC.

Total purchase price $9.825B; net merger consideration ~$4.7B ($3.5B cash + $1.2B stock).
Stock consideration valued at $110.57 per share; unregistered shares issued under private placement.
Lock-up: 20% released on 2nd, 3rd, 4th anniversaries; 40% on 5th anniversary.
Accession includes Risk Strategies and One80 Intermediaries brands.

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