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Amwins completes acquisition of Connected Risk Solutions from BRP Group, Inc.

Feb 29, 2024•over 1 year ago

Acquiring Company

Amwins

Acquired Company

Connected Risk Solutions

CharlotteHealth Care

Description

Amwins, a global distributor of specialty insurance products and services, has signed a definitive agreement to acquire Connected Risk Solutions, LLC, the wholesale E&S insurance brokerage operated by BRP Group, Inc. This acquisition will enable Amwins to leverage the expertise of Connected Risk Solutions in the specialty areas of healthcare and cyber.

Company Information

Company

Amwins

Location

Charlotte, North Carolina, United States

About

Amwins is the largest independent wholesale distributor of specialty insurance products in the United States, dedicated to serving retail insurance agents by providing property and casualty products, specialty group benefit products, and administrative services. Based in Charlotte, N.C., the company operates through more than 155 offices globally and handles premium placements in excess of $23 billion annually. To learn more, visit www.amwins.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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