Successful Acquisition of RSC Topco (Accession) with 8/1 Closing Anticipated
Brown & Brown has completed regulatory approvals for the acquisition of RSC Topco (Accession), with an expected closing date of August 1.
The company completed a successful oversubscribed follow-on equity issuance and multi-tranche bond issuance to finance the deal.
Integration plans are underway, aiming to leverage expanded capabilities and talent from Accession, which has deep specializations and talented personnel.
Largest Merger in Company History Completed with Penns Woods Acquisition
Merger finalized on July 25, 2025, with customer and data conversion beginning immediately.
The merger increased total assets to approximately $17 billion, making Northwest one of the top 100 bank holding companies in the U.S.
Key metrics and expected cost reductions from the merger are on target or better than expectations.
Post-merger, the bank is focusing on operational optimization and expanding through de novo branch openings in high-growth markets like Columbus and Indianapolis.
Potential M&A Opportunities Driven by Texas Bank Acquisitions
Management highlighted recent Texas bank acquisitions as potential dislocation opportunities for hiring and client acquisition.
They see a possibility of acquiring talent and clients from out-of-state acquisitions, with a strategic interest in participating in upcoming seller opportunities in Texas.
Dafinchi