Brown & Brown, Inc., completes the acquisition of Patrick Quinlan Insurance by O’Leary Insurance Ltd.
Brown & Brown, Inc. (NYSE:BRO) announces the completion of the acquisition of Quinlan Insurance by O’Leary Insurances Ltd., a subsidiary of Brown & Brown. This acquisition enhances their portfolio and expands their market presence. With over 12,000 employees across more than 350 locations, Brown & Brown continues to provide risk management solutions. However, the company cautions that future results could vary significantly due to uncertainties surrounding the integration and performance of the acquired entity.
- Acquisition of Quinlan Insurance enhances portfolio and market presence.
- Strengthened position in the insurance sector with strategic acquisitions.
- Potential uncertainties surrounding integration of the acquired entity.
- Risk of actual results differing materially from anticipated outcomes.
DAYTONA BEACH, Fla., July 01, 2022 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously announced acquisition of Quinlan Insurance by O’Leary Insurances Ltd., part of Brown & Brown.
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With more than 12,000 teammates in 350+ locations across the U.S. and select global markets, we are committed to providing innovative strategies to help protect what our customers value most. For more information or to find an office near you, please visit bbinsurance.com.
This press release may contain certain statements relating to future results which are forward-looking statements, including those associated with this acquisition. These statements are not historical facts, but instead, represent only Brown & Brown’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown’s control. It is possible that Brown & Brown’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results and condition, as well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Commission. Such factors include those factors relevant to Brown & Brown’s consummation and integration of the announced acquisition, including any matters analyzed in the due diligence process, and material adverse changes in the business and financial condition of the seller, the buyer, or both, and their respective customers. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.
For more information:
R. Andrew Watts
Chief financial officer
(386) 239-5770
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