BRP Group Acquires Armfield, Harrison & Thomas (AHT) Insurance
December 2, 2020
BRP Group, Inc. (NASDAQ: BRP) has entered into a partnership to acquire Armfield, Harrison & Thomas, Inc. (AHT), a Leesburg, Virginia-based insurance brokerage, converting AHT into part of BRP's middle-market operating group. AHT brings approximately $52M in annual revenues, expanded geographic scale in the Pacific Northwest, Mid-Atlantic and Northeast, and AHT CEO David Schaefer will serve as a Regional President within BRP's middle-market group.
- Buyers
- BRP Group, Inc. (Baldwin Risk Partners / The Baldwin Group)
- Targets
- Armfield, Harrison & Thomas, Inc. (AHT Insurance)
- Platforms
- BRP Group middle-market operating group (Baldwin Risk Partners / The Baldwin Group)
- Industry
- Insurance
- Location
- Virginia, United States
- Transaction Type
- Addon
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