M&A Deal Summary

Brown & Brown Acquires The Canopy Group

On October 3, 2024, Brown & Brown acquired insurance company The Canopy Group

Acquisition Highlights
  • This is Brown & Brown’s 97th transaction in the Insurance sector.
  • This is Brown & Brown’s 103rd transaction in the United States.
  • This is Brown & Brown’s 7th transaction in Minnesota.

M&A Deal Summary
Date 2024-10-03
Target The Canopy Group
Sector Insurance
Buyer(s) Brown & Brown
Deal Type Add-on Acquisition

Target

The Canopy Group

Belle Plaine, Minnesota, United States
The Canopy Group is a multiline insurance agency focusing primarily on personal lines and commercial property and casualty for small businesses. The Canopy Group is based in Le Sueur, Minnesota.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 109 of 109
Sector (Insurance) 97 of 97
Type (Add-on Acquisition) 105 of 105
State (Minnesota) 7 of 7
Country (United States) 103 of 103
Year (2024) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-29 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.

Buy -
Mergr

Product

Company

Legal