BRP Group, Inc. Announces Acquisition of Rosenthal Bros., Inc.

Expands BKS-Partners’ P&C Insurance Footprint

TAMPA, Fla., June 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 Baldwin Krystyn Sherman Partners, LLC (“BKS-Partners”), the middle-market subsidiary of BRP Group, has acquired substantially all assets of Rosenthal Bros., Inc. (“Rosenthal Brothers”), a Chicago-based provider of P&C insurance, employee benefits and private client solutions to middle market companies and individuals.  Rosenthal Brothers generated annual revenues of approximately $18.8 million.

Since its founding, Rosenthal Brothers has grown its business to approximately 55 employees across two offices.  In particular, Rosenthal Brothers specializes in providing insurance solutions for the real estate industry with a stellar reputation in large habitational real estate.  Following this Partnership, Rosenthal Brothers will be rebranded under the Company’s BKS-Partners banner.  

“Partnering with Rosenthal Brothers, a premier independent firm, significantly boosts our P&C and full-service insurance solution capabilities, particularly within the real estate sector, and gives us a major platform to build on in the important Chicago market,” said Trevor Baldwin, Chief Executive Officer of BRP Group. “The Rosenthal team is highly specialized and boasts a hungry Risk Advisor team that has been the driving force behind Rosenthal’s consistent growth.  Knowing the level of talent, Rosenthal’s sterling reputation and their ongoing growth opportunities, we are excited to add the Rosenthal team to the BRP family.” 

“Joining BRP Group was a natural strategic fit for Rosenthal Brothers, as we already have a common client-centric philosophy, culture and entrepreneurial spirit,” said Michael Minsky, Partner at Rosenthal Brothers.  “We’ve built an amazing insurance firm that has served the Chicagoland region, and we’re excited to align with BRP and leverage their innovative service platform and their wealth of complementary tools and capabilities, which will allow us to enhance our existing client relationships, generate new business and take us to the next level.  We expect a smooth transition with BKS-Partners for our current clients, and our team will naturally benefit from the new career development opportunities available to them.”