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
Was this article valuable?
Here are more articles you may enjoy.
‘Door Knocker’ Roofers Were Everywhere. NC Farm Bureau Saw an Opportunity 
Waymos Froze, Blocked Traffic During San Francisco Power Outage 
Insurance Industry ‘Megadeals’ Dominate 2025, Says PwC 
More US Beef Plants May Close as Cattle Herds Keep Tightening 
