BRP Group, Inc. Enters Into Agreement to Acquire Wood Gutmann & Bogart Insurance Brokers
- Adds
- Commercial Risk Management Expertise Highly Complementary to Existing Employee Benefits Practice Brought to
- Strong
- Brings BRP Group’s Total Revenue from 2021 Announced Partnerships to
The Partnership, BRP Group’s nomenclature for a strategic acquisition, is expected to close on or around
Over its history, WGB has demonstrated an impressive track record of revenue growth by passionately advocating for clients and delivering to them customized insurance solutions and proactive risk management programs. This Partnership, which brings with it approximately 130 colleagues, adds meaningful scale to BRP Group’s
“This Partnership with WGB represents a major milestone in adding critical commercial insurance expertise to our
“We could not be more excited to be joining forces with
“This Partnership with WGB has deep roots from many years of working closely together and having trusted compatibility,” said
MarshBerry acted as exclusive financial advisor to WGB in the transaction.
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NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent BRP Group’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or BRP Group’s strategies or expectations, including those about this Partnership. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, “outlook” or “continue”, or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.
Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption “Risk Factors” in BRP Group’s Annual Report on Form 10-K for the year ended
1 Calculated as revenue attributable to acquired business for the most recent trailing twelve-month period prior to acquisition by
2 Based on a quality of earnings review and not an audit. Represents year-to-date gross revenue growth through
3 Represents the aggregate revenue of Partners acquired (or announced to be acquired) during 2021, for the most recent trailing twelve-month period prior to acquisition by
4 Based on rankings listed in the
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