US broker Brown & Brown, Inc. (Brown & Brown) (NYSE: BRO) has entered into an agreement to acquire Global Risk Partners (GRP) from Funds advised by Searchlight Capital Partners, L.P. (Searchlight). The acquisition, which is subject only to regulatory approval, is expected to be completed in the third quarter of 2022 and will see Brown & Brown establish itself as a major force in the UK retail insurance market.
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