Brown & Brown, Inc. Acquires Global Risk Partners Limited
March 8, 2022
Brown & Brown, Inc. has entered into an agreement to acquire Global Risk Partners Limited (GRP) from funds advised by Searchlight Capital Partners; the transaction is expected to close in Q3 2022 subject to regulatory approvals, including the UK Financial Conduct Authority. GRP is a London-headquartered independent insurance intermediary with roughly 2,100 employees, operations across 110+ locations in the UK and Ireland, and annual revenue of approximately $340 million.
- Buyers
- Brown & Brown, Inc.
- Targets
- Global Risk Partners Limited
- Sellers
- Funds advised by Searchlight Capital Partners, L.P.
- Industry
- Insurance
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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