Brown & Brown confirms £1.5bn-£1.7bn GRP acquisition 
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Brown & Brown confirms £1.5bn-£1.7bn GRP acquisition 

Jairo Ibarra
March 07, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Brown & Brown GRP logo daytona beach fl.jpg

US retail broker Brown & Brown has confirmed a deal to acquire UK broking consolidator Global Risk Partners (GRP) from Searchlight.

It is understood that the transaction ranges between £1.5bn-£1.7bn ($1.9bn-$2.2bn) based on a marketing Ebitda of roughly $112mn (£85mn) and a sale multiple of around 18x, sources said.

Last

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsM&ABrokersBrown & Brown
jairo ibarra/jairo ibarra ii us.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article