BRP Group / Millennial Specialty Insurance Acquires Arcana Insurance Services
December 7, 2021
Millennial Specialty Insurance, an indirect subsidiary of BRP Group, acquired substantially all of the assets of Arcana Insurance Services, a Dallas-based national insurance agency and program administrator focused on real estate investors and property management. The acquisition adds approximately $3.6 million of annual revenue and brings single-family rental program capabilities to BRP Group's MGA platform to support further product and capability expansion.
- Buyers
- Millennial Specialty Insurance, LLC (MSI), BRP Group, Inc.
- Targets
- Arcana Insurance Services, LP
- Industry
- Insurance
- Location
- Texas, United States
- Transaction Type
- Buyout
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