Partners Group Acquires Controlling Stake in Foundation Risk Partners from Warburg Pincus

BRP Group Acquires Construction Risk Partners

November 16, 2021

Insurance

BRP Group, via its subsidiary Baldwin Krystyn Sherman Partners (BKS Partners), has entered into an agreement to acquire all outstanding equity interests of Construction Risk Partners (CRP), a specialty construction insurance brokerage headquartered in Branchburg, New Jersey. The deal adds about $32.6 million of annual revenue and roughly 85 employees, strengthening BRP's national construction risk management platform and expanding its construction-focused capabilities and market presence.

Brown & Brown, Inc. Acquires Global Risk Partners Limited

March 8, 2022

Insurance

Brown & Brown, Inc. has entered into an agreement to acquire Global Risk Partners Limited (GRP) from funds advised by Searchlight Capital Partners; the transaction is expected to close in Q3 2022 subject to regulatory approvals, including the UK Financial Conduct Authority. GRP is a London-headquartered independent insurance intermediary with roughly 2,100 employees, operations across 110+ locations in the UK and Ireland, and annual revenue of approximately $340 million.

BRP Group (BKS-Partners) Acquires Insurance Risk Partners, LLC

April 1, 2020

Insurance

BRP Group, Inc., through its BKS-Partners operating group (Baldwin Krystyn Sherman Partners, LLC), acquired substantially all assets of Insurance Risk Partners, LLC, an Oklahoma City-based provider of property & casualty insurance and risk consulting. The acquisition (announced April 1, 2020) brings IRP's ~$7.0 million in annual revenues and expands BRP/BKS's large-account and technical insurance capabilities in the energy, infrastructure and power sectors.

Warburg Pincus and Temasek Acquire Specialist Risk Group

May 21, 2024

Insurance

Warburg Pincus and Temasek agreed to acquire Specialist Risk Group (SRG) from HGGC, with SRG management reinvesting and retaining a significant stake. The investors will support SRG’s next stage of growth as the specialist insurance intermediary expands its people-focused platform and international capabilities; closing is subject to customary regulatory approvals.

Searchlight Capital Partners Acquires Majority Stake in Global Risk Partners

June 12, 2020

Insurance

Searchlight Capital Partners has completed the acquisition of a majority stake in Global Risk Partners Limited (GRP), a UK-based independent insurance intermediary. Founders Peter Cullum CBE and David Margrett and founding investor Penta Capital retain minority stakes as Searchlight partners with management to support GRP's continued buy-and-build growth.

Main Street Capital Recapitalizes The Financial Risk Group

September 23, 2025

Financial Services

Main Street Capital Corporation invested $14.0 million in a minority recapitalization of The Financial Risk Group, LLC (FRG), funding the transaction with a combination of first lien senior secured term debt and a direct equity investment. FRG, headquartered in Cary, North Carolina, is a technology-enabled risk management firm that provides risk analytics, data management consulting, software implementation and cloud-based hosting services to financial institutions, insurers and other commercial customers.