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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