Brown & Brown, Inc. acquired Winston Benefits, Inc. for approximately $120 million.
Brown & Brown, Inc. (NYSE:BRO) completed the acquisition of Winston Benefits, Inc. for approximately $120 million on October 1, 2021. The purchase price consists of cash paid of $79.46 million, common stock issued worth $5 million, other payable of $7.72 million pertaining to additional contingent consideration expected to be paid within 12 months, and a maximum potential earn-out payable of $29 million.