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New Deal


Announced

Completed

BRP Group completed the acquisition of Armfield, Harrison & Thomas.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

consulting firm

Friendly

Management Consulting

Private

United States

brokerage company

Majority

Acquisition

Completed

property and casualty insurance

Domestic

Synopsis

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BRP Group, an independent insurance distribution firm, completed the acquisition of Armfield, Harrison & Thomas, a brokerage and consulting firm. Financial terms were not disclosed. "Partnering with AHT is exciting for BRP Group and dovetails with our long-term strategy of both rapid organic and Partnership growth. We expect the addition of AHT – one of the top independent middle-market firms in the country with an amazing roster of talent – to further accelerate our growth trajectory and provide us with immediate scale in new geographies. AHT’s depth of expertise and industry focus are clear complements to our ongoing specialization efforts in middle-market, and the leadership team at AHT is aligned with our culture and ensuring that our clients always come first. We’re thrilled to welcome the AHT team to the BRP family, and with their addition, we have taken a major step toward further growing our platform across the US," Trevor Baldwin, BRP Group CEO.

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