BRP Group, Inc., an independent insurance distribution firm based in Florida, announced that Baldwin Krystyn Sherman Partners, LLC, a subsidiary of BRP Group, has entered into an agreement to acquire substantially all assets of Lanier Upshaw, Inc, a Lakeland, Florida-based independent insurance firm focused on writing healthcare, higher education, construction, property and non-profit business throughout Florida and other states.
The partnership, BRP Group’s nomenclature for a strategic acquisition, is expected to close Jan. 1, 2020, subject to certain closing conditions.
Lanier Upshaw will become part of the company’s Middle Market Operating Group, doing business as BKS-Partners. In recent years, Lanier Upshaw has grown its business to approximately 60 colleagues. The firm has been a long-time member of Assurex Global. Lanier Upshaw has annual revenue of approximately $8 million.
It was founded in 1941 and has offices in Lakeland and Tampa.
BKS-Partners works with clients across the country, providing them with services and risk management products, and has been strategically expanding its geographic reach throughout the U.S.
Topics Mergers & Acquisitions Florida
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