BRP Group (BRP) Announces Proposed Public Offering of Common Stock

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BRP Group, Inc. Announces Proposed Public Offering of Common Stock

December 8, 2020 4:22 PM EST

TAMPA, Fla., Dec. 08, 2020 (GLOBE NEWSWIRE) -- BRP Group, Inc. (BRP or the Company) (NASDAQ: BRP) today announced the proposed underwritten offering of shares of its Class A common stock.

In addition, BRP also announced that it continues to have a strong partnership pipeline and currently expects to close in 2021 Partner acquisitions generating total annualized revenue of approximately $120 million to $150 million, approximately 90% of which is anticipated to close in the second, third and fourth quarters of 2021.

BRP intends to use a portion of the net proceeds from the sale... More