The largest brokerage acquisition so far this year does not signal a change in merger and acquisition strategy for insurance broker Brown & Brown, says its CEO, but it could set the tone for future private equity firm deals says an industry consultant.
Last week, Daytona Beach, Fla.-based insurance broker Brown & Brown announced its intent to acquire Atlanta-based Beecher Carlson Holdings Inc. for $336.5 million in cash from private equity firm Austin Ventures, FSPM and a group of individual employee and non-employee equity holders.
Over the years, Brown & Brown—which reported revenues last year of $1.2 billion—has built itself through a series of acquisitions of small- to mid-size agencies, avoiding the blockbuster deals of other major brokerage firms. However, in 2011, it made a major move acquiring the managing general agency Arrowhead for $400 million and now made a second major acquisition with Beecher Carlson.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
