Brown & Brown to acquire Accession Risk Management Group for $9.825B

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.