Brown & Brown, Inc. Enters into Agreement to acquire O’Leary Insurances
Brown & Brown Inc. (NYSE: BRO) has entered into an agreement to acquire the general insurance operating companies of O’Leary Insurances (OLI). RDJ is advising OLI on the transaction, which is expected to close in January 2021.
Brown & Brown Inc. (NYSE: BRO) has entered into an agreement to acquire the general insurance operating companies of O’Leary Insurances (OLI). RDJ is advising OLI on the transaction, which is expected to close in January 2021
Brown & Brown is establishing a footprint in Ireland through the acquisition.
Founded in 1961 by the late Archie O’Leary, OLI is one of the largest independently-owned brokerages in the Republic with 200 employees operating from eight locations. New York-listed Brown & Brown is the sixth largest independent broker in the US, with more than 10,000 employees and reported revenues of $2.93 billion (€2.4bn) last year.
RDJ Corporate Partner Diarmaid Gavin advised on the transaction supported by Eoghan Doolan (Corporate), Mark Ludlow (Tax), John Dwyer (Real Estate) and Martin O’Callaghan (Real Estate).