Brown & Brown, Inc. completes the acquisition of Quintes Holding B.V.
Brown & Brown (NYSE: BRO) has completed the acquisition of the insurance operations of Quintes Holding B.V. This acquisition marks an expansion of Brown & Brown's global presence, adding to their network of over 500 locations worldwide. The company, which has been providing risk management solutions since 1939, currently employs more than 16,000 teammates globally and continues to focus on delivering innovative insurance strategies to both individuals and businesses.
Brown & Brown (NYSE: BRO) ha completato l'acquisizione delle operazioni assicurative di Quintes Holding B.V. Questa acquisizione segna un'espansione della presenza globale di Brown & Brown, aggiungendo alla loro rete di oltre 500 sedi nel mondo. L'azienda, che fornisce soluzioni di gestione del rischio dal 1939, attualmente impiega più di 16.000 collaboratori a livello globale e continua a concentrarsi sulla fornitura di strategie assicurative innovative per privati e aziende.
Brown & Brown (NYSE: BRO) ha completado la adquisición de las operaciones de seguros de Quintes Holding B.V. Esta adquisición marca una expansión de la presencia global de Brown & Brown, sumando a su red más de 500 ubicaciones en todo el mundo. La empresa, que ha estado ofreciendo soluciones de gestión de riesgos desde 1939, emplea actualmente a más de 16,000 compañeros a nivel mundial y sigue enfocándose en ofrecer estrategias de seguros innovadoras tanto a individuos como a empresas.
Brown & Brown (NYSE: BRO)는 Quintes Holding B.V.의 보험 운영 인수를 완료했습니다. 이번 인수는 Brown & Brown의 글로벌 존재감을 확장하고 500개 이상의 위치를 전 세계적으로 추가하는 것을 의미합니다. 1939년부터 위험 관리 솔루션을 제공해 온 이 회사는 현재 16,000명 이상의 동료를 글로벌로 고용하고 있으며, 개인과 기업 모두에게 혁신적인 보험 전략을 제공하는 데 계속해서 집중하고 있습니다.
Brown & Brown (NYSE: BRO) a achevé l'acquisition des opérations d'assurance de Quintes Holding B.V. Cette acquisition marque une expansion de la présence mondiale de Brown & Brown, ajoutant à son réseau de plus de 500 emplacements dans le monde. L'entreprise, qui fournit des solutions de gestion des risques depuis 1939, emploie actuellement plus de 16 000 collaborateurs à l'échelle mondiale et continue de se concentrer sur la fourniture de stratégies d'assurance innovantes tant pour les particuliers que pour les entreprises.
Brown & Brown (NYSE: BRO) hat die Übernahme der Versicherungsoperationen von Quintes Holding B.V. abgeschlossen. Diese Übernahme markiert eine Erweiterung der globalen Präsenz von Brown & Brown und erweitert ihr Netzwerk um über 500 Standorte weltweit. Das Unternehmen, das seit 1939 Lösungen im Risikomanagement anbietet, beschäftigt derzeit mehr als 16.000 Mitarbeiter weltweit und konzentriert sich weiterhin darauf, sowohl Einzelpersonen als auch Unternehmen innovative Versicherungsstrategien anzubieten.
- Strategic expansion into new markets through acquisition
- Strengthens global presence and operational capabilities
- Adds to existing network of 500+ locations
- None.
Insights
The acquisition of Quintes Holding B.V. represents a strategic expansion of Brown & Brown's insurance operations in Europe. Quintes is a significant player in the Dutch insurance market and this acquisition aligns with BRO's growth strategy through strategic M&A. The deal strengthens their international presence and diversifies revenue streams beyond the U.S. market.
While the financial terms weren't disclosed, BRO has a strong track record of successful acquisitions and integration. Their acquisition strategy typically focuses on companies that can provide immediate accretion to earnings. The company's robust
DAYTONA BEACH, Fla., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the “Company”) today announced the completion of the previously announced acquisition of the insurance operations of Quintes Holding B.V.
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With over 16,000 teammates and 500+ locations worldwide, 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 proposed acquisition. Examples of forward-looking statements regarding the acquisition described in this press release include statements regarding the expected benefits of the proposed acquisition, the impact of the proposed acquisition, required regulatory approvals, and the expected timing of the completion of the proposed 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. These risks and uncertainties include but are not limited to, the risk that regulatory or other approvals required for the proposed acquisition may be delayed or not obtained or are obtained subject to conditions that are not anticipated that could require the exertion of management’s time and resources or otherwise have an adverse effect on Brown & Brown, the possibility that certain conditions to the consummation of the proposed acquisition will not be satisfied or completed on a timely basis and accordingly the proposed acquisition may not be consummated on a timely basis or at all. uncertainty as to Brown & Brown’s expected financial performance following completion of the proposed acquisition, risks related to the integration of the acquired operations, business and assets into Brown & Brown, the possibility that the anticipated benefits of the proposed acquisition are not realized when expected or at all, including as a result of the impact of, or issues arising from, the integration of the acquired operations into Brown & Brown, the risk that unexpected costs will be incurred in connection with the completion and/or integration of the proposed acquisition, the diversion of management’s attention from ongoing business operations and opportunities, unexpected costs, charges or expenses resulting from the proposed acquisition, disruption from the announcement, pendency and/or completion of the proposed acquisition or the integration of the acquired business, including potential adverse reactions or changes to business relationships with customers, employees, suppliers or regulators, making it more difficult to maintain business and operational relationships, competitive responses to the proposed acquisition, and uncertainties as to the timing of the consummation of the proposed acquisition and the ability of each party to consummate the proposed acquisition. 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. 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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