BRP Group Inc., an independent insurance distribution firm delivering tailored insurance solutions, has acquired all of the outstanding equity interests of Armfield, Harrison & Thomas Inc., which will be converted post-acquisition to a limited liability company with the name Armfield, Harrison & Thomas LLC (AHT).
AHT is a Leesburg, Va.-headquartered brokerage and consulting firm offering property and casualty, employee benefits, retirement, personal and international services for a range of industries. BRP Group will own and operate AHT through its middle-market subsidiary and operating group.
Following the acquisition, AHT President and CEO David Schaefer will serve as a regional president within BRP Group’s middle-market operating group.
With major offices in the Seattle, Washington D.C., New York and Boston metropolitan areas, AHT brings to BRP Group immediate middle-market scale in the Pacific Northwest, Mid-Atlantic and Northeast regions. AHT also brings specialization and expertise across a number of industry verticals, including technology, not-for-profit, life sciences and healthcare, manufacturing and construction, among others.
Reagan Consulting Inc. and its wholly-owned subsidiary, Reagan Securities Inc. acted as financial advisor to AHT in the transaction.
Source: BRP Group Inc.
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