BRP Group (BRP) Acquires The Capital Group
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BRP Group (BRP) Acquires FounderShield
July 23, 2021 7:30 AM EDTBRP Group, Inc. (NASDAQ: BRP), an independent insurance distribution firm delivering tailored insurance solutions, today announced that Millennial Specialty Insurance, LLC (MSI, also known as BRP Groups MGA of the Future), an indirect subsidiary of BRP Group, has entered into a definitive agreement to acquire substantially all the assets of FounderShield LLC, AlphaRoot LLC, ReShield LLC and Scale Underwriting Services LLC (collectively, Founder Shield), a New York-based, tech-enabled insurance distribution platform with a specialized focus on providing commercial insurance services for clients in various high growth industries. With annual revenue of approximately $9.8 million1,... More
