Kelso & Company Completes $9.83 Billion Sale of Accession Risk Management Group to Brown & Brown, Inc. - Candlesense
BRO Mergers

Kelso & Company Completes $9.83 Billion Sale of Accession Risk Management Group to Brown & Brown, Inc.

NEW YORK--(BUSINESS WIRE)--Kelso & Company, L.P. (“Kelso”), a leading middle-market private equity firm, announced it has completed the sale of its portfolio company, Accession Risk Management Group (“Accession,” fka “Risk Strategies”), to Brown & Brown, Inc. (NYSE: BRO) (“Brown & Brown”) in a primarily cash transaction valued at approximately $9.83 billion. This sale to a leading strategic acquiror represents one of the largest full private equity exits in insurance brokerage histo

Related Questions

How will the $9.83 B cash transaction affect Brown & Brown’s balance sheet and leverage ratios? What immediate impact will the acquisition have on BRO’s share price and trading volume? How does the valuation of Accession compare to recent comparable insurance‑brokerage deals? Will the acquisition be reflected in Brown & Brown’s next earnings guidance or revenue forecasts? How will the deal affect Brown & Brown’s market share in the insurance‑brokerage sector versus competitors like Aon, Marsh & McLennan, and Willis Towers Watson? What are the potential regulatory or integration risks that could delay or diminish the expected benefits? Is there any upside potential for a secondary offering or share buy‑back after the transaction closes? How will the cash outlay impact Brown & Brown’s dividend policy and payout ratio? Will the acquisition change the competitive dynamics for other private‑equity‑backed insurance‑brokerage firms? What synergies does Brown & Brown expect to realize from integrating Accession’s risk‑management platform?
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