Aquiline Capital Partners has agreed to sell Quintes Holding to Brown & Brown, an insurance brokerage firm.
In addition, the Quintes management ownership team will also be selling to Brown & Brown. The deal is expected to be finalised in Q4 2024.
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Igno van Waesberghe, managing partner at Aquiline, said: “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, founder and CEO of Quintes, added: “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.”
Founded in 2012 by Gijsbert van de Nieuwegiessen, Quintes has grown into one of the largest independent insurance brokers in the Netherlands. Since receiving support from Aquiline in 2020, Quintes has expanded its geographical presence throughout the Netherlands, establishing a comprehensive network of regional hubs. This expansion has enabled nationwide client coverage and provided a platform for local mergers and acquisitions.
Furthermore, Quintes has completed over 80 acquisitions under Aquiline’s ownership while maintaining steady organic growth, bolstered by its expansion into core areas such as pensions and health services, and the integration of its proprietary Managing General Agent across its portfolio.
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By GlobalDataToday, Quintes serves approximately 200,000 SME and retail customers in the Netherlands through its three main divisions: broking, MGA, and pensions.
