Kelso & company completes $9.83 billion sale of accession risk management group to brown & brown, inc.

New york--(business wire)--kelso & company, l.p. (“kelso”), a leading middle-market private equity firm, announced it has completed the sale of its portfolio company, accession risk management group (“accession,” fka “risk strategies”), to brown & brown, inc. (nyse: bro) (“brown & brown”) in a primarily cash transaction valued at approximately $9.83 billion. this sale to a leading strategic acquiror represents one of the largest full private equity exits in insurance brokerage histo.
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