Brown & Brown to acquire Accession Risk Management Group for $9.825 billion

BROWN & BROWN, INC.

Gross purchase price of $9.825B; net consideration ~$9.4B ($8.1B cash + ~$1.3B stock).
Expected close Q3 2025; HSR waiting period expired; subject to regulatory approvals.
Accession (Risk Strategies & One80 Intermediaries) had ~$1.7B pro forma adjusted revenue in 2024.
Bridge loan facility of up to $9.4B committed by Bank of America and JPMorgan.
Risk Strategies to join Retail segment; One80 to join new Specialty Distribution segment.

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