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Broker BRP Group makes acquisition

Posted On: Dec. 15, 2020 1:30 PM CST


Tampa, Florida-based BRP Group Inc. said Tuesday its Baldwin Kristyn Sherman Partners L.L.C. indirect subsidiary will acquire Atlanta-based Tanner, Ballew & Maloof Inc., which provides commercial property/casualty insurance to middle-market companies and individuals.

Terms of the deal, which is expected to close Dec. 31, were not disclosed.

In addition to Atlanta, BRP has offices in Louisville, Kentucky, and Newberry, Florida, and 52 employees, a BRP spokeswoman said. The transaction is expected to add $10.7 million of annualized revenues.

BRP said last week that it planned to acquire Irvine, California-based Burnham Benefits Insurance Services Inc. and Burnham Gibson Wealth Advisors Inc.