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- Global Risk Partners
Global Risk Partners Acquisition, Valuation, Funding & Investors
Global Risk Partners was acquired by Brown & Brown for $1.9B in March 2022, a 5.6x multiple on $340M of revenue.
Global Risk Partners revenue at acquisition
$340M
Last twelve months · Mar 2022
Global Risk Partners revenue multiple at acquisition
5.6x
EV/Revenue · Mar 2022
Cumulative funding Global Risk Partners raised
$89M
across 1 funding round
About Global Risk Partners
Global Risk Partners is a London-headquartered insurance brokerage group that acquires and supports independent brokers and managing general agents in the UK retail insurance market and global specialty lines. The firm specializes in commercial, personal, and employee benefits insurance through divisions like GRP Commercial, GRP Retail, and GRP Financial Lines. Established in 2010, it expanded to over 30 offices across the UK and Ireland before Howden Group acquired it in 2021 for integration into a larger broking network serving complex risks in property, casualty, and marine sectors.
Founded
2013
HQ
Website
Status
Acquired
Customer focus
B2B & B2C
Revenue model
Commission
Revenue
$340M (Mar 2022)
Valuation
$1.9B (acquired Mar 2022)
Sectors
Global Risk Partners Acquisition
Global Risk Partners was acquired by Brown & Brown for $1.9B on 7 March 2022.
The acquisition price implies a 5.6x revenue multiple on $340M of revenue.
Before the acquisition Global Risk Partners had raised $89M across 1 funding round.
Global Risk Partners (GRP), founded in 2013, is one of the UK's largest independent insurance intermediaries, specializing in retail broking, specialist managing general agent (MGA), network, and Lloyd's businesses. It services insurance and risk management needs for clients in the UK and Ireland, with annual revenue of $340 million, over 2100 employees, and control or influence over £1.8 billion in gross written premiums. GRP acquires businesses, teams, and portfolios focused on niche, non-commoditized specialty propositions. Brown & Brown, Inc., the fifth-largest US and sixth-largest international brokerage firm, agreed to acquire GRP from Searchlight Capital Partners on March 7, 2022, for $1.9 billion, completing the transaction on July 1, 2022, after regulatory approvals including from the UK Financial Conduct Authority. The deal establishes Brown & Brown as a major force in the UK retail insurance market, aligning with its growth strategy through GRP's experienced leadership, SME-focused commercial broking, and acquisition expertise. Post-acquisition, GRP operates within Brown & Brown's Retail segment, led by CEO Mike Bruce reporting to Barrett Brown, with no changes to management structure or brands initially. The strategic fit emphasizes shared values of honesty, integrity, innovation, and long-term investment in people and digital infrastructure, enhancing client access to US insurer relationships.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 7 Mar 2022 | Strategic M&A | $1.9B | 5.6x |
Global Risk Partners Funding History
Global Risk Partners has raised a total of $89M across 1 funding round.
Global Risk Partners funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2013 | Undisclosed stage | Penta Capital (lead); Maven Capital Partners; Souter Investments | $89M | Global Risk Partners (GRP) is a UK-based independent insurance intermediary founded in 2013 by Peter Cullum and David Margrett, focusing on retail broking, specialist managing general agents (MGAs), and Lloyd’s businesses through a buy-and-build strategy. Penta Capital backed the initial management team in late 2013 to execute acquisitions, with Maven Capital Partners and others like Growth VCT 3 and Souter Investments participating in a £55m funding round as part of the startup phase. The approach emphasized an owner-driver model tying rewards to performance, driving sales, margins, and synergies. By 2020, GRP had acquired around 60 businesses, becoming one of the UK's top independent brokers with gross written premium under influence reaching £1.8bn, leading to a partial exit for Penta investors at 3.3x return while retaining a minority stake. Earlier, around 2019, Searchlight Capital Partners acquired a majority stake, with Penta, founders, and management retaining minorities; at that time GRP was the second-largest independent intermediary with GWP approaching £800m, over 1,600 employees, and double-digit annual EBITDA growth since inception. In 2022, GRP was fully acquired by US broker Brown & Brown for $1.96bn (£1.48bn), marking exits for remaining investors including Searchlight, Penta, and founders. |
Who has invested in Global Risk Partners?
3 investors have backed Global Risk Partners across its funding rounds, including Maven Capital Partners, Souter Investments and Penta Capital.
Lead investors include Penta Capital.
Global Risk Partners Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Nov 2013 | ||
This data is available for Pro users. Sign up to see all 3 Global Risk Partners investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Global Risk Partners
Global Risk Partners has acquired 1 company to date.
Last acquisition by Global Risk Partners was on January 6th 2021. Global Risk Partners acquired Newstead Insurance Brokers for undisclosed valuation.
Latest Acquisitions by Global Risk Partners
| Description | Newstead Insurance Brokers is a UK-based independent firm delivering risk management, advisory, and broking services to businesses. Operating from Nottingham, it arranges tailored insurance coverage for commercial clients in sectors like manufacturing, construction, and professional services. |
| HQ Country | |
| HQ City | Stoke-on-Trent |
| Deal Date | 6 Jan 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Global Risk Partners acquisitions and their M&A valuation multiples. Start Free Trial | |
Global Risk Partners Competitors
Global Risk Partners competitors include listed companies like Grupo Profuturo, AUB Group and Goosehead Insurance, and private ones like Cover Genius, BGL Group and AmWINS.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.9B | - | ||
| Publicly listed | $2.1B | $387M | $2B | - | ||
| Private | $778M | - | $2.4B | 3.0x | ||
| Private | - | $117M | $1.5B | - | ||
| Publicly listed | $776M | $239M | $2.7B | 2.4x | ||
| Publicly listed | $365M | $86M | $1.3B | 3.8x |
Global Risk Partners Public Comps
Global Risk Partners is no longer listed, but its public comps include Grupo Profuturo, Goosehead Insurance, Edelweiss Financial Services, AUB Group, Sukoon Insurance, Rasan, Yuanbao, MHA, Waterdrop and TWFG.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.1B | $387M | 0.9x | - | 5.2x | - | |||
| $365M | $86M | 4.2x | 3.8x | 17.9x | 12.4x | |||
| $606M | - | 2.1x | - | - | - | |||
| $776M | $239M | 3.6x | 2.4x | 11.6x | 6.9x | |||
| $889M | $125M | 0.7x | - | 5.0x | - | |||
| $174M | $73M | 16.1x | 11.0x | 38.6x | 25.9x | |||
| $652M | $209M | - | - | - | - | |||
| $338M | $59M | 1.5x | 1.5x | 8.6x | 7.7x | |||
This data is available for Pro users. Sign up to see all Global Risk Partners competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Global Risk Partners
| When was Global Risk Partners founded? | Global Risk Partners was founded in 2013. |
| Where is Global Risk Partners headquartered? | Global Risk Partners is headquartered in London, United Kingdom. |
| Is Global Risk Partners publicly listed? | No, Global Risk Partners was acquired by Brown & Brown in March 2022. |
| Who acquired Global Risk Partners? | Global Risk Partners was acquired by Brown & Brown in March 2022. |
| How much was Global Risk Partners acquired for? | Global Risk Partners was acquired for $1.9B in March 2022, a 5.6x revenue multiple. |
| How much funding has Global Risk Partners raised? | Global Risk Partners has raised $89M across 1 funding round. |
| What was Global Risk Partners' last funding round? | Global Risk Partners' last funding round was a $89M undisclosed-stage round in November 2013, led by Penta Capital. |
| Who are Global Risk Partners' investors? | Global Risk Partners' investors include Maven Capital Partners, Penta Capital and Souter Investments. |
| Which companies are comparable to Global Risk Partners? | Companies comparable to Global Risk Partners include Cover Genius, Grupo Profuturo, BGL Group, AmWINS, AUB Group and Goosehead Insurance. |
| How many companies has Global Risk Partners acquired? | Global Risk Partners has acquired 1 company, including Newstead Insurance Brokers. |
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