Subsequent Events |
6 Months Ended |
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Jun. 30, 2025 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Subsequent Events
The Company has evaluated subsequent events through August 1, 2025, and has concluded that no events have occurred
that require disclosure other than the events listed below.
On July 1, 2025, the Company completed the acquisition of certain assets of J.M. Wilson Corporation, an MGA and
surplus lines broker specializing in transportation insurance headquartered in Portage, Michigan, for approximately $70.0
million of cash consideration and $20.0 million of LLC Common Units, subject to customary purchase price adjustments.
The Company has not yet completed valuation of, or the purchase price allocation to, the acquired assets and assumed
liabilities as of the date of this filing.
On July 31, 2025, the Company’s Board of Directors approved a quarterly cash dividend of $0.12 per share of outstanding
Class A common stock. The quarterly dividend will be payable on August 26, 2025, to shareholders of record of Class A
common stock as of the close of business on August 12, 2025. Any future dividends will be subject to the approval of the
Company’s Board of Directors.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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