Florida’s BKS-Partners Finalizes Acquisition of IRMS

Tampa-based Baldwin Krystan Sherman Partners, LLC has completed its acquisition of the Naples-based Insurance and Risk Management Services employee benefits division.

Baldwin Krystan, doing business as BKS-Partners, is opening an office in Naples, Florida and retaining IRMS service members to join as a team with BKS-Partners. Garret Gardi, formally of IRMS, will lead the Naples office as managing advisor.

IRMS Chief Executive Officer George Schmelzle said the company’s decision to divest its employee benefits business is consistent with its strategy to focus on its core business of providing property/casualty insurance and risk management.

Topics Mergers & Acquisitions Florida