BRP Group, Inc. announced that Millennial Specialty Insurance, LLC, an indirect subsidiary of BRP Group, has acquired substantially all of the assets of Arcana Insurance Services, LP , a Dallas, Texas-based national insurance agency and program administrator, focused on better serving the real estate investor and property management markets.
Arcana will bring to BRP Group product capabilities in the single-family real estate market, which has powered strong organic growth over Arcana’s history. Arcana generates annual revenues of approximately $3.6 million
MarshBerry acted as exclusive financial advisor to Arcana in the transaction.
Topics Mergers & Acquisitions Texas
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