BRP Group (BRP) Prices 8M Share IPO at $30.5/sh
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September 13, 2021 4:06 PM EDT
BRP Group, Inc. (BRP Group or the Company) (NASDAQ: BRP), an independent insurance distribution firm, today announced the proposed underwritten offering of 8,000,000 shares of its Class A common stock. The Company also intends to grant the underwriters a 30 day option to purchase up to 1,200,000 additional shares of its Class A common stock.
In addition, BRP Group announced that it continues to have a strong Partnership pipeline and currently expects to close Partner acquisitions generating total acquired revenue of approximately $175 million to $200 million in 2021, with all remaining 2021 Partnerships closing in the fourth quarter of 2021, and... More
September 13, 2021 4:02 PM EDT
BRP Group, Inc. (BRP Group or the Company) (NASDAQ: BRP), an independent insurance distribution firm delivering tailored insurance solutions, today announced that, through its indirect subsidiaries, BRP Group has entered into an agreement to acquire substantially all of the assets of Jacobson, Goldfarb & Scott, Inc., including the equity interests of certain of its subsidiaries (collectively, operating as JGS). Based in Holmdel, New Jersey, JGS is a specialty insurance broker and MGA primarily focused on providing commercial insurance services to middle-market clients across the country. With annual revenues of approximately $43.3 million1, JGS (#61 in Insurance Journals Top... More
