A subsidiary of BRP Group Inc. has acquired the assets comprising the risk assessment and consulting business of Pendulum LLC, an Albuquerque, N.M.-based firm.
The business acquired from Pendulum generated annual revenues of approximately $2.0 million. Pendulum will continue operating under its current brand and will become part of Connected Risk Solutions, BRP’s specialty wholesale platform within its specialty operating group.
Pendulum offers expertise in the long-term care and senior living markets through a range of consulting services.
Atlanta, Ga.-based Connected Risk Solutions is a suite of wholesale specialists. BRP Group is an independent insurance distribution firm.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July 
Florida Board Drafting Rules That Could Stem Bogus Engineering Reports in Claims 
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut 
Berkely Says It’s No Longer Pressured to Push for Rate ‘Across the Board’ 
