J. Scott Penny, chief acquisitions officer of Brown & Brown, and John Mina, CEO of Accession Risk Management Group, announced that Brown & Brown has entered into an agreement to acquire RSC Topco, the holding company for Accession. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions and regulatory approvals. Under the terms of the agreement, Brown & Brown will acquire RSC on a cash and debt-free basis at the time of acquisition for a gross purchase price of $9.825B. The parties previously submitted filings in respect of the Transaction under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the waiting period for such filings has already expired.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRO:
- Strategic M&A and Growth Projections Drive Buy Rating for Brown & Brown
- Coinbase, Caterpillar upgraded: Wall Street’s top analyst calls
- Brown & Brown downgraded to Neutral from Buy at Goldman Sachs
- Brown & Brown Appoints New Principal Accounting Officer
- Brown & Brown subsidiary acquires assets of Tim Parkman, no terms