BRP agrees to buy Dallas-based agency

Broker BRP Group Inc. said Wednesday it has agreed to acquire Dallas-based agency White Hill Plaza Inc., which operates as K&S Insurance Agency, through an indirect subsidiary.

K&S provides various benefit and risk management services and has expertise in the construction industry.

Terms of the transaction, expected to close around Oct. 1, were not disclosed.

K&S has annual revenue of around $19.7 million and represents BRP’s 11th deal this year, Tampa, Florida-based BRP said in a statement.

In July BRP’s Millennial Specialty Insurance LLC unit acquired FounderShield LLC, AlphaRoot LLC, ReShield LLC and Scale Underwriting Services LLC, collectively known as Founder Shield, a New York-based insurtech company.

K&S will add scale to BRP’s operations in Texas and solidify its presence in one of the largest and fastest-growing construction markets in the U.S., according to Dodge Data & Analytics.

K&S has 66 employees, according to LinkedIn.