Brown & Brown Acquires Accession Risk Management for $9.825 Billion

Brown & Brown, Inc., a prominent insurance brokerage firm, has announced its agreement to acquire RSC Topco, Inc., the holding company for Accession Risk Management Group, in a deal valued at $9.825 billion. The acquisition is anticipated to close in the third quarter of 2025, subject to customary closing conditions and regulatory approvals. The transaction will be executed on a cash and debt-free basis, and both parties have already complied with U.S. antitrust regulations. Accession, the parent of Risk Strategies and One80 Intermediaries, boasts a robust portfolio with 2024 pro forma adjusted revenues of roughly $1.7 billion, marking it as the ninth-largest private insurance brokerage in the U.S. The acquisition promises significant synergies, enhancing Brown & Brown's capabilities in insurance distribution channels, promoting cultural alignment, and driving shareholder value. Post-acquisition, key management roles will see integration into Brown & Brown's structure, with the creation of a new Specialty Distribution segment to bolster operational strategy.