BRP Group Acquires The Capital Group
August 2, 2021
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.
- Buyers
- BRP Group, Inc.
- Targets
- The Capital Group (TCG Financial Holding Company, LLC)
- Sellers
- TCG Financial Holding Company, LLC (and certain subsidiaries)
- Industry
- Financial Services
- Location
- Maryland, United States
- Transaction Type
- Buyout
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