M&A Deal Summary

Brown & Brown Acquires Quintes

On July 29, 2024, Brown & Brown acquired insurance company Quintes from Aquiline Capital Partners

Acquisition Highlights
  • This is Brown & Brown’s 96th transaction in the Insurance sector.
  • This is Brown & Brown’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2024-07-29
Target Quintes
Sector Insurance
Buyer(s) Brown & Brown
Sellers(s) Aquiline Capital Partners
Deal Type Add-on Acquisition

Target

Quintes

Waardenburg, Netherlands
Quintes is an insurance & pension broker and MGA operating nationwide in the Netherlands working with subsidiaries Quintes, Commandeur, Kroezen, Deugd & Terpstra, Timmermans Koch en Brink, Beijer, Plus Diensten and Wiersma & Walvius. Quintes was founded in 2012 and is based in Waardenburg, Netherlands.

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Buyer(S) 1

Buyer

Brown & Brown

Daytona Beach, Florida, United States
Category Company
Founded 1939
Sector Insurance
Employees16,152
Revenue 4.2B USD (2023)
DESCRIPTION
Brown & Brown's headquarters in Daytona Beach, Florida.
Brown & Brown's headquarters in Daytona Beach, Florida.

Brown & Brown is a provider of insurance and reinsurance products and services to general business, corporate, governmental and quasi-governmental, institutional, professional, trade association and individual clients. Brown & Brown was founded in 1939 and is based in Daytona Beach, Florida.

DEAL STATS #
Overall 108 of 108
Sector (Insurance) 96 of 96
Type (Add-on Acquisition) 104 of 104
Country (Netherlands) 1 of 1
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 CHAPP

Dundee, Florida, United States

CHAPP is a risk management company focused on providing insurance solutions for all aspects of agricultural business risk for customers in Florida and across the U.S. CHAPP was formed in 1976 and is based in Dundee, Florida.

Buy -

Seller(S) 1

SELLER

Aquiline Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Aquiline Capital Partners is a private equity firm that targets investments in the financial services sector. The Firm specifically invests in risk-bearing and services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing. Aquiline Capital was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 26 of 26
Sector (Insurance) 8 of 8
Type (Add-on Acquisition) 14 of 14
Country (Netherlands) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-02 Isio

London, United Kingdom

Isio Group is an independent pensions advice and wealth management specialist that combines actuarial expertise, third-party administration, investment consulting, and DC specialism. Isio was formed in 2019 and is based in London, United Kingdom.

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