---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-138153"
form_type: "8-K"
ticker: "BRO"
cik: "0000079282"
company_name: "BROWN & BROWN, INC."
filed_at: "2025-06-10T23:59:59+00:00"
generated_at: "2026-05-19T16:26:01.412050+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-138153
- form_type: 8-K
- ticker: BRO
- cik: 0000079282
- company_name: BROWN & BROWN, INC.
- filed_at: 2025-06-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/79282/000119312525138153/0001193125-25-138153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/79282/000119312525138153/d32630d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-138153
- JSON: https://secwatch.observer/filing/0001193125-25-138153.json
- Plain text: https://secwatch.observer/filing/0001193125-25-138153.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.