Brown & Brown completes GRP takeover
US-headquartered Brown & Brown has completed the takeover of consolidator Global Risk Partners.
The US-giant, the sixth largest broker in the world, made the announcement today.
The deal to buy GRP from private equity house Searchlight Capital Partners was first revealed in March with a price-tag of £1.48bn.
It had been expected to complete in the third quarter of this year.
Founded in 1939, New York Stock Exchange listed Brown & Brown has a market cap of $16.75bn (£13.91bn) with a headcount of over 12,000 and more than 350 offices in the US and around the world.
ManagementIn March
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