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Tampa, Florida-based BRP Group Inc. said Tuesday that its Baldwin Kristyn Sherman Partners indirect subsidiary will acquire Irvine, California-based Burnham Benefits Insurance Services Inc. and Burnham Gibson Wealth Advisors Inc.
Burnham is a full-service provider of employee benefits consulting, retirement consulting, wealth management and insurance brokerage services to mid-size and large enterprises and has annual revenues of about $52.6 million, according to the statement issued by BRP.
Burnham President and CEO Kirsten Allison will serve as regional president of BRP Group’s middle-market operating group, while Burnham Gibson Wealth Advisors president Darin Gibson will serve as managing partner, the statement said.
Terms of the acquisition, which is expected to close Dec. 31, were not disclosed in the statement.
BRP launched an initial public offering and begin trading on Nasdaq in 2019.
Shares in Tampa-based brokerage BRP Group Inc. began trading on the Nasdaq exchange on Thursday as it launched an initial public offering that could raise as much as $301.76 million.