secwatch.observer — SEC 8-K summary
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Issuer:     BROWN & BROWN, INC. (BRO)
CIK:        0000079282
Form:       8-K
Filed at:   2025-06-10T23:59:59+00:00
Accession:  0001193125-25-138153
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79282/000119312525138153/0001193125-25-138153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79282/000119312525138153/d32630d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-138153

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer