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Tampa, Fla.-based insurance distributor BRP Group, Inc.’s subsidiary Baldwin Krystyn Sherman Partners LLC has acquired Irvin, Calif.-based Burnham Benefits Insurance Services, Inc. and Burnham Gibson Wealth Advisors, Inc., Global Legal Chronicle reports. The transaction includes an upfront cash consideration of $176.8 million, as well as 21,701 shares of BRP Group’s Class A common stock and 1,957,419 LLC units of BRP Group’s subsidiary, Baldwin Risk Partners, LLC.
1. Hacking group Ransomhub claims to have stolen UnitedHealth data
2. Hackers leak stolen data from Change Healthcare on dark web
3. UnitedHealth estimates $1.6 billion loss from Change cyberattack
4. Biden administration limits Medicare Advantage broker compensation
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