Irvine, Calif.-based Burnham Benefits Insurance Services Inc., Burnham Gibson Wealth Advisors, Inc., and Burnham Risk and Insurance Solutions LLC has been acquired by Baldwyn Krystyn Sherman Partners LLC.
Burnham will a middle-market indirect subsidiary of BRP Group Inc. (NASDAQ: BRP). The deal is expected to close Dec. 31 and is subject to certain closing conditions.
With annual revenues of roughly $52.61 million, Burnham represents one of the largest partnerships in BRP Group’s history. Burnham President and CEO Kristen Allison will serve as regional president, and BGWA President Darin Gibson and BRIS COO Sara Owens will serve as managing partners within BRP Group’s middle-market operating group. Following this partnership, Burnham will maintain its brand and operate as “Burnham – A Baldwin Risk Partner.”
Burnham Benefits Insurance Services is an employee benefits consulting, and brokerage firm based with eight offices.
BRP Group is an independent insurance distribution firm delivering insurance and risk management insights and solutions.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Experian Launches Insurance Marketplace App on ChatGPT 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
Jury Finds Johnson & Johnson Liable for Cancer in Latest Talc Trial 
