Brown & Brown, Inc. completes the acquisition of Quintes Holding B.V.
November 01 2024 - 5:00AM
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 WattsChief Financial Officer(386) 239-5770
Brown and Brown (NYSE:BRO)
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