Brown & Brown, Inc. Acquires Global Risk Partners Limited

Searchlight Capital Partners Acquires Majority Stake in Global Risk Partners

June 12, 2020

Insurance

Searchlight Capital Partners has completed the acquisition of a majority stake in Global Risk Partners Limited (GRP), a UK-based independent insurance intermediary. Founders Peter Cullum CBE and David Margrett and founding investor Penta Capital retain minority stakes as Searchlight partners with management to support GRP's continued buy-and-build growth.

Brown & Brown, Inc. Acquires Special Risk Insurance Managers, Ltd.

January 7, 2020

Insurance

Brown & Brown, Inc. completed the acquisition of Special Risk Insurance Managers, Ltd., a Canadian managing general agent (MGA) specializing in specialty and hard-to-place risks. The deal expands Brown & Brown's specialty insurance capabilities and presence in the Canadian market.

Brown & Brown Acquires Health Special Risk, Inc.

July 2, 2018

Insurance

Brown & Brown, Inc. has acquired Health Special Risk, Inc. (HSR), a managing general underwriter (MGU) and third-party administrator (TPA) specializing in special risk and accident & health insurance. HSR will continue operating from its Texas and Minnesota offices with principals Tom Lenihan (President) and Phil Munson (Executive VP) remaining in leadership roles under Brown & Brown’s American Specialty unit.

BRP Group Acquires Construction Risk Partners

November 16, 2021

Insurance

BRP Group, via its subsidiary Baldwin Krystyn Sherman Partners (BKS Partners), has entered into an agreement to acquire all outstanding equity interests of Construction Risk Partners (CRP), a specialty construction insurance brokerage headquartered in Branchburg, New Jersey. The deal adds about $32.6 million of annual revenue and roughly 85 employees, strengthening BRP's national construction risk management platform and expanding its construction-focused capabilities and market presence.

BRP Group (BKS-Partners) Acquires Insurance Risk Partners, LLC

April 1, 2020

Insurance

BRP Group, Inc., through its BKS-Partners operating group (Baldwin Krystyn Sherman Partners, LLC), acquired substantially all assets of Insurance Risk Partners, LLC, an Oklahoma City-based provider of property & casualty insurance and risk consulting. The acquisition (announced April 1, 2020) brings IRP's ~$7.0 million in annual revenues and expands BRP/BKS's large-account and technical insurance capabilities in the energy, infrastructure and power sectors.

Brown & Brown, Inc. to Acquire Accession Risk Management Group (RSC Topco) for $9.825B

June 10, 2025

Insurance

Brown & Brown, Inc. has entered into an agreement to acquire RSC Topco, Inc., the holding company for Accession Risk Management Group, Inc., for a gross purchase price of $9.825 billion in a transaction expected to close in Q3 2025. The acquisition brings Risk Strategies and One80 Intermediaries (together representing a specialty brokerage, wholesaler and program manager platform with over 5,000 insurance professionals) into Brown & Brown's Retail and new Specialty Distribution segments to expand specialty distribution capabilities and market reach.