BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

BRP discloses CRP price; announces another deal


BRP Group Inc. will pay up to about $275 million in its deal to buy Construction Risk Partners LLC, which it announced earlier this week, according to a Friday filing with the Securities and Exchange Commission.

The Tampa, Florida-based brokerage also announced another acquisition late Thursday, taking the value of its acquisitions in 2021 to $201 million in annual revenue.

In the SEC filing, BRP said it will pay $139 million in cash, about $37 million in stock, based on today’s stock price, and up to about $99.5 million in a performance-related earnout for Construction Risk Partners. The deal for the Branchburg, New Jersey-based brokerage, which has about $32.6 million in revenue, was announced Tuesday.

Meanwhile, BRP has agreed to buy Brush Creek LLC, a Kansas City, Missouri-based brokerage with about 20 staff. Terms were not disclosed, but the deal will add about $3.3 million in revenue, BRP said in a statement.





Read Next

  • 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.