Subsequent Events |
6 Months Ended |
|---|---|
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.
|