Brown & Brown Inc. said Monday it has acquired Toronto-based retail brokerage Highcourt Partners Ltd. and the eUnderwriters and CLIS units.
Terms of the transaction were not disclosed.
Highcourt Partners, a brokerage and risk consulting firm, was founded in 2011 and merged with Toronto-based firm Breckles Group in 2021 to become Highcourt Breckles Group.
The brokerage house will operate within Brown & Brown’s retail segment and will continue to be led by HBG CEO Mark McKay.
Mr. McKay will report to Mary Raveling, senior vice president and retail senior leader at Brown & Brown. He will also become a member of the Senior Leadership Council.
In addition to its headquarters in Toronto, Highcourt Partners has offices in Collingwood, Markham and Waterloo, Ontario and Vancouver, British Columbia.
Daytona Beach, Fla.-based Brown & Brown completed 30 acquisitions in 2022, representing combined annual revenue of $435 million.