Brown & Brown agrees to buy Netherlands-based brokerage

Brown & Brown Inc. said Monday it has agreed to acquire Netherlands-based brokerage Quintes Holding B.V. from Aquiline Capital Partners LP.

Terms of the transaction were not disclosed.

Quintes, founded in 2012 by Gijsbert van de Nieuwegiessen, is headquartered in Waardenburg, Netherlands, and has about 700 employees and approximately 200,000 small and mid-sized commercial customers.

The deal is expected to close in the fourth quarter, after which Mr. Gijsbert will report to Mike Bruce, CEO of Brown & Brown (Europe) Ltd.

A Brown & Brown spokeswoman said the acquisition would be the broker’s first significant overseas retail investment outside the U.K. and Ireland. In May 2023, Brown & Brown acquired London-based Kentro Capital Ltd., which has a single managing general agent location in the Netherlands, she said.