M&A Deal Summary

Brown & Brown Acquires Special Risk Insurance Managers

On January 7, 2020, Brown & Brown acquired insurance company Special Risk Insurance Managers

Acquisition Highlights
  • This is Brown & Brown’s 76th transaction in the Insurance sector.
  • This is Brown & Brown’s 1st transaction in Canada.
  • This is Brown & Brown’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2020-01-07
Target Special Risk Insurance Managers
Sector Insurance
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

Special Risk Insurance Managers

Langley, British Columbia, Canada
Special Risk Insurance Managers Ltd. specializes in providing innovative insurance products and programs that meet the needs of today’s Canadian specialty insurance product market. Coverage not included in their traditional home, life or auto insurance policies.

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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 82 of 109
Sector (Insurance) 76 of 97
Type (Add-on Acquisition) 79 of 105
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Insurance Management Group

Columbia, South Carolina, United States

Insurance Management Group, Inc. (IMG) specializes in providing a wide range of employee benefits and property and casualty insurance products and services to businesses and individuals throughout South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-17 Texas All Risk General Agency

Dallas, Texas, United States

Texas All Risk General Agency, Inc. is a managing general agent (MGA) for independent retail insurance agencies placing a wide range of property and casualty insurance for businesses and individuals in Texas, Louisiana, and Oklahoma.

Buy -
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