BKS Partners: BRP Group to Acquire Burnham Benefits Insurance Services

BRP Group, Inc. (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced that Baldwin Krystyn Sherman Partners, LLC, the middle-market indirect subsidiary of BRP Group, has entered into an agreement to acquire all of the outstanding equity interests of Burnham Benefits Insurance Services, Inc. and Burnham Gibson Wealth Advisors, Inc. (collectively, “Burnham”). Based in Irvine, California, Burnham is a full-service provider of employee benefits consulting, retirement consulting, wealth management and insurance brokerage services to mid-size and large enterprises. With annual revenues of approximately $52.61 million, Burnham (#79 in Business Insurance’s “Top 100” list of largest U.S. brokers) represents one of the largest Partnerships in BRP Group’s history. Burnham President and CEO, Kristen Allison, and BGWA President, Darin Gibson, will serve as Regional President and Managing Partner, respectively, within BRP Group’s middle-market operating group.