BRP Group, Inc. Acquires Brush Creek Partners

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 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 Acquires Insgroup, Inc.

November 5, 2020

Insurance

BRP Group, through its middle‑market subsidiary BKS Partners, agreed to acquire all outstanding equity of Insgroup, Inc., a Houston‑based commercial P&C and employee benefits brokerage with approximately $38.51 million of annualized revenues and ~160 employees. The deal expands BRP Group's middle‑market presence in Texas (notably Houston) and brings Insgroup's leadership team, including CEO Brian Kapiloff, into BRP's regional management structure.

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 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.

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.