BRP Group acquires California employee benefits agency
Posted On: Dec. 14, 2020 9:57 AM CSTTampa, 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.