BRP Group Acquires Performance Bonding Surety & Insurance Brokerage

BRP Group Acquires Wood Gutmann & Bogart Insurance Brokers

November 4, 2021

Insurance

BRP Group, Inc., through certain indirect subsidiaries including Burnham Benefits Insurance Services, entered into an agreement to acquire substantially all of the assets of Wood Gutmann & Bogart Insurance Brokers (WGB), a Tustin, California-based insurance brokerage with approximately $29.7 million of annual revenue. The deal, announced November 4, 2021 and completed December 1, 2021, expands BRP Group's commercial risk management and employee benefits capabilities and represents another "Partnership" for the public insurance distributor.

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.

BRP Group Acquires Burnham Benefits and Burnham Gibson Wealth Advisors

December 8, 2020

Insurance

BRP Group, through its middle-market subsidiary Baldwin Krystyn Sherman Partners (BKS-Partners), agreed to acquire Burnham Benefits Insurance Services, Inc. and Burnham Gibson Wealth Advisors, Inc., expanding BRP's footprint in Southern California and adding approximately $52.6 million of annualized revenue and ~130 colleagues. The transaction brings wealth management capabilities (BGWA with nearly $2.5 billion AUM) into BRP's middle-market operating group and is expected to close on December 31, 2020, subject to customary closing conditions.

BRP Group Acquires Westwood Insurance Agency from QBE Holdings

April 29, 2022

Financial Services

BRP Group, Inc. (NASDAQ: BRP) completed the acquisition of Westwood Insurance Agency (operating as Westwood) from QBE Holdings, Inc. The transaction was executed through an indirect subsidiary as part of BRP Group's Partnership program and includes equity grants to Westwood employees under BRP's Inducement Plan.

BRP Group Acquires Jacobson, Goldfarb & Scott (JGS)

September 13, 2021

Insurance

BRP Group, Inc. (NASDAQ: BRP) has entered into an agreement to acquire substantially all of the assets of Jacobson, Goldfarb & Scott, Inc. (JGS), a Holmdel, New Jersey-based specialty insurance broker and MGA. The transaction adds approximately $43.3 million of revenue and ~130 colleagues to BRP Group and expands its specialty and middle-market commercial insurance capabilities, particularly in habitational real estate, construction and manufacturing & distribution.

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.