BRP Group Acquires RogersGray, Breakwater and Monomoy

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.

BRP Group Acquires Construction Risk Partners

November 16, 2021

Insurance

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.

BRP Group (BKS-Partners) Acquires Lanier Upshaw, Inc.

December 17, 2019

Insurance

BRP Group, through its subsidiary Baldwin Krystyn Sherman Partners (BKS-Partners), agreed to acquire substantially all assets of Lanier Upshaw, an independent insurance agency based in Lakeland and Tampa, Florida. The transaction (expected to close Jan 1, 2020) will fold Lanier Upshaw into BRP's Middle Market Operating Group to expand its Central Florida market presence and broaden client capabilities in healthcare, higher education, construction and nonprofit segments.

BRP Group (BKS-Partners) Acquires Insurance Risk Partners, LLC

April 1, 2020

Insurance

BRP Group, Inc., through its BKS-Partners operating group (Baldwin Krystyn Sherman Partners, LLC), acquired substantially all assets of Insurance Risk Partners, LLC, an Oklahoma City-based provider of property & casualty insurance and risk consulting. The acquisition (announced April 1, 2020) brings IRP's ~$7.0 million in annual revenues and expands BRP/BKS's large-account and technical insurance capabilities in the energy, infrastructure and power sectors.

BRP Group (BKS-Partners) Acquires Trinity Benefit Advisors and Russ Blakely & Associates

June 1, 2020

Insurance

Baldwin Krystyn Sherman Partners (BKS-Partners), the middle-market operating subsidiary of BRP Group, acquired substantially all assets of Tennessee-based Trinity Benefit Advisors, Inc. and Russ Blakely & Associates, LLC. The acquisitions expand BRP/BKS-Partners’ employee benefits and insurance distribution capabilities in the Southeastern United States and add a book of business that generated approximately $17.3 million in annual revenue.

BRP Group Acquires Performance Bonding Surety & Insurance Brokerage

January 10, 2022

Insurance

BRP Group, Inc. (NASDAQ: BRP) announced that Performance Bonding Surety & Insurance Brokerage, L.P. will be operated within the BRP family through BRP's Partnership (strategic acquisition) with Wood Gutmann & Bogart Insurance Brokers and certain affiliates, a transaction that closed on December 1, 2021. Performance Bonding, a Tustin, California–based surety specialist, will add bonding and commercial insurance expertise to BRP's national practice and expand BRP's surety capabilities for clients including contractors, developers and private equity–owned businesses.