Brown & Brown, Inc. has entered into an agreement to acquire Quintes Holding B.V. (Quintes) from Aquiline Capital Partners, with the deal expected to finalise in the fourth quarter of 2024.
Founded in 2012 by Gijsbert van de Nieuwegiessen, Quintes is one of the largest independent insurance brokers in the Netherlands, serving around 200,000 SME and retail customers through its three main divisions: broking, MGA, and pensions.
Gijsbert van de Nieuwegiessen, Quintes’ CEO and founder, will continue to lead the company and report to Mike Bruce, CEO of Brown & Brown (Europe) Limited, once the deal is completed.
Commenting on the acquisition, Bruce said, “Gijsbert and the team at Quintes share our commitment to always doing what is best for customers, teammates and carrier partners. Their position as an industry leader in the Dutch market will further expand our international footprint and broaden the scope of our global capabilities.”
Barrett Brown, Executive Vice President and President of the Brown & Brown, Inc. Retail segment, added, “We are very excited to have Gijsbert, Quintes leadership and their talented teammates join Brown & Brown. Their hub structure is closely aligned with our decentralised sales and service business model, and the breadth of their specialisations will complement our existing capabilities and drive our continued growth.”
Igno van Waesberghe, Managing Partner at Aquiline, remarked, “We partnered with Quintes in 2020 with the goal of establishing a leading nationwide insurance broker in the Netherlands. Over this period, we have strengthened Quintes’ commitment to the SME market, successfully integrated numerous acquisitions, and significantly expanded its business capabilities and carrier relationships. Brown & Brown’s acquisition is a testament to the strong business we have built together. The entire Aquiline team and I have enjoyed working with Gijsbert and his team, and we wish them great success in this next chapter.”
Gijsbert van de Nieuwegiessen commented, “The past four years working with Aquiline have been highly successful. Their support has been crucial in achieving our recent growth and current scale, positioning us for an exciting future with further expansion in partnership with Brown & Brown.”
He continued, “Quintes and Brown & Brown are like-minded organisations that share a common culture, values and purpose. For our customers, this move will bring access to additional capabilities, services and solutions, as well as the market strength of a global network. For our Quintes teammates, it will bring opportunities to grow professionally and personally. All of us at Quintes look forward to becoming teammates of an industry-leading and customer-focused group of professionals.”
