BRP Group Acquires Construction Risk Partners

November 16, 2021

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.

Buyers
BRP Group, Inc., Baldwin Krystyn Sherman Partners, LLC (BKS Partners)
Targets
Construction Risk Partners, LLC
Industry
Insurance
Location
New Jersey, United States
Transaction Type
Buyout

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