M&A Deal Summary

Brown & Brown Acquires Kentro Capital

On May 22, 2023, Brown & Brown acquired insurance company Kentro Capital from B.P. Marsh & Partners

Acquisition Highlights
  • This is Brown & Brown’s 91st transaction in the Insurance sector.
  • This is Brown & Brown’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2023-05-22
Target Kentro Capital
Sector Insurance
Buyer(s) Brown & Brown
Sellers(s) B.P. Marsh & Partners
Deal Type Add-on Acquisition

Target

Kentro Capital

London, United Kingdom
Kentro Capital is an independent specialty managing general agency that provides underwriting portfolio management services and reinsurance programs. Kentro Capital was founded in 2008 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Brown & Brown

Daytona Beach, Florida, United States

Category Company
Founded 1939
Sector Insurance
Employees16,152
Revenue 4.7B USD (2024)
DESCRIPTION
Brown & Brown's headquarters in Daytona Beach, Florida.
Brown & Brown's headquarters in Daytona Beach, Florida.

Brown & Brown provides 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 102 of 111
Sector: Insurance M&A 91 of 98
Type: Add-on Acquisition M&A Deals 98 of 107
Country: United Kingdom M&A 3 of 3
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 VistaNational

Oak Brook, Illinois, United States

VistaNational is a comprehensive and professional agency that is committed to finding the best-priced health benefits for our industry. VistaNational was founded in 1996 and is based in Oak Brook, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-08 Automotive Business Solutions

Westminster, Colorado, United States

Automotive Business Solutions is an administrator of warranty products in the automotive aftermarket, providing nationwide parts and labor repair warranties, national road hazard programs, and component-specific warranties. Automotive Business Solutions is based in Westminster, Colorado.

Buy -

Seller(S) 1

SELLER

B.P. Marsh & Partners

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 1990
Size Middle-Market
Type Sector Focused
DESCRIPTION

B.P. Marsh & Partners is a specialist private equity investor in early stage financial services companies. B.P. Marsh looks to make minority investments of up to £5 million in opportunities based in the UK, Europe, and North America. Specific financial services businesses of interest include insurance intermediaries, asset managers, independent financial advisers, and professional consultants. B.P. Marsh & Partners was formed in 1990 and is based in London.


DEAL STATS #
Overall 6 of 8
Sector: Insurance M&A 5 of 7
Type: Add-on Acquisition M&A Deals 3 of 4
Country: United Kingdom M&A 5 of 6
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-28 Verve Risk Services

London, United Kingdom

Verve Risk Services is a Managing General Agency specialising in Professional and Management Liability for the insurance industry. Verve Risk Services is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Pantheon Specialty

London, United Kingdom

Pantheon Specialty is an independently owned specialist insurance brokerage. Pantheon Specialty is based in London, United Kingdom.

Buy -