Brown & Brown (Europe) Limited Has Acquired 100% Of The Share Capital Of Oxlea Investments Ltd, Trading As Stewart & Partners; Terms Not Disclosed
Portfolio Pulse from Charles Gross
Brown & Brown (Europe) Limited has completed the acquisition of 100% of the share capital of Oxlea Investments Ltd, which operates under the name Stewart & Partners. Stewart & Partners, located in Welling, Kent, will be integrated into the Green Insurance Group, a South East retail broker under Brown & Brown.
February 06, 2024 | 10:13 am
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Brown & Brown, Inc. has expanded its portfolio by acquiring Oxlea Investments Ltd, trading as Stewart & Partners, which will now be part of its Green Insurance Group.
The acquisition of Stewart & Partners by Brown & Brown (Europe) Limited, a subsidiary of Brown & Brown, Inc., is likely to have a positive short-term impact on BRO's stock price. This move signifies strategic expansion and growth in the UK market, potentially leading to increased market share and revenue for Brown & Brown, Inc. The lack of disclosed terms makes it challenging to assess the financial impact, but the strategic nature of the acquisition suggests a positive outlook.
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