Insurance Brokers M&A » By The Online Investor Staff, updated Sun., Apr. 28, 6:02 PM
Recent mergers and acquisitions in the Insurance Brokers M&A category.
Slide #84. Brown & Brown, Inc. — Beecher Carlson Holdings, Inc.
Acquirer: |
Brown & Brown, Inc. (NYSE:BRO) |
Acquiree: |
Beecher Carlson Holdings, Inc. |
Details: |
J. Powell Brown, Chief Executive Officer and President of Brown & Brown, Inc. (NYSE: BRO), today announced that Brown & Brown, Inc. has entered into a merger agreement to acquire Beecher Carlson Holdings, Inc. ("Beecher Carlson"), an insurance and risk management broker with operations that include retail brokerage, program management and captive management, from Austin Ventures, FSPM and a group of individual employee and non-employee equityholders. The transaction is expected to close in July of 2013 and is subject to customary closing conditions, including regulatory approval. The transaction will be a cash acquisition and is not subject to financing conditions. |
Brown & Brown is an insurance agency, wholesale brokerage, insurance programs and service organization. Co.'s segments are: Retail, which provides a range of insurance products and services and non-insurance services and products through its automobile dealer services businesses; National Programs, which provides program management capabilities for insurance carrier partners across various lines of business, that include personal lines programs, commercial lines programs, public entity programs and specialty programs; Wholesale Brokerage, which markets and sells excess and surplus commercial insurance products and services; and Services, which provides a range of insurance-related services.
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Company Name: |
Brown & Brown Inc |
Stock buyback: |
BRO buyback |
Website: |
www.bbinsurance.com |
Sector: |
Insurance Brokers |
Number of ETFs Holding BRO: |
106 |
Total Market Value Held by ETFs: |
$3.41B |
Total Market Capitalization: |
$23.43B |
% of Market Cap. Held by ETFs: |
14.57% |
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April 28, 2024 6:02 PM Eastern
Buy (2.67 out of 4)
12nd percentile
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