BRP Group (BRP) Announces Acquisition of Pendulum
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BRP Group, Inc. Announces Acquisition of Pendulum
May 1, 2020 8:01 AM EDTExpands New Connected Risk Solutions Brand
TAMPA, Fla., May 01, 2020 (GLOBE NEWSWIRE) -- BRP Group, Inc. (BRP Group or the Company) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced that a subsidiary of BRP Group has acquired the assets comprising the risk assessment and consulting business of Pendulum, LLC (Pendulum), an Albuquerque, New Mexico-based firm that provides innovative risk assessment and reduction protocols utilizing advanced software tools. The business acquired from Pendulum generated annual revenues of approximately $2.0 million.
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