BRC Group Holdings to Repurchase Minority Shares of B. Riley Securities and Merge B. Riley Securities with B. Riley Wealth

Wealth Enhancement Group Acquires BTR Capital Management, Inc.

November 17, 2022

Wealth Management

Wealth Enhancement Group, a national independent wealth management firm, has acquired BTR Capital Management, Inc., an Oakland-based independent RIA that manages more than $1 billion in client assets. The acquisition expands Wealth Enhancement Group’s presence in Northern California (bringing WEG to nine offices in the region) and adds BTR’s team of nine advisors and five support staff to WEG’s platform.

BRP Group, Inc. Acquires Brush Creek Partners

November 18, 2021

Insurance

BRP Group, Inc. (NASDAQ: BRP) has entered into an agreement to acquire substantially all assets of Brush Creek, LLC (doing business as Brush Creek Partners), a Kansas City–based provider of commercial insurance, technology risk management and due diligence solutions. The asset acquisition (bringing ~20 colleagues) is intended to deepen BRP Group’s Cyber & Technology and VC/PE/Construction industry expertise and expand its risk-management capabilities.

BRP Group Acquires The Capital Group

August 2, 2021

Financial Services

BRP Group, Inc. (NASDAQ: BRP) has acquired substantially all assets of TCG Financial Holding Company, LLC, which operates as The Capital Group, a Bethesda-based provider of employee benefits consulting, retirement plan consulting, wealth advisory and commercial insurance brokerage services. The transaction adds over 50 colleagues and deepens BRP Group's capabilities in employee benefits, wealth advisory and retirement consulting while increasing scale in the D.C. Metro region and key end markets such as government contracting, technology and non-profits.

BRS & Co. Acquires Majority Control of Shearwater Research Inc.

April 30, 2021

Manufacturing

New York-based private equity firm BRS & Co. has acquired majority control of Shearwater Research Inc., a Richmond, British Columbia–headquartered designer and manufacturer of dive computers and rebreather electronics. BRS said it will partner with founders Bruce and Lynn Partridge and Shearwater's senior management to expand the company's reach and accelerate product development and distribution globally.

B. Riley Financial to Acquire National Holdings

January 11, 2021

Financial Services

B. Riley Financial has entered into a definitive agreement to acquire National Holdings Corporation, initiating an all-cash tender offer for the remaining shares it does not own at $3.25 per share. The deal will combine B. Riley's diversified financial services platform with National's investment banking, brokerage and wealth management businesses, materially expanding B. Riley's retail distribution and assets under management.

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.