Brown & Brown buys Berkshire Insurance Group for $41.5mn
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Brown & Brown buys Berkshire Insurance Group for $41.5mn

Eileen AJ Connelly
August 25, 2021
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Brown & Brown continued its expansion with a deal to buy the assets and operations of Berkshire Insurance Group (BIG), a subsidiary of Berkshire Hills Bancorp, for $41.5mn, minus $1.6mn for executive goodwill.

The transaction, which is subject to customary conditions, is expected to close in the third quarter. The price works out to a net gain of $0.55

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News M&A Brown & Brown
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Eileen AJ Connelly
Contributing Editor
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