BRP Group to acquire Burnham Benefits Insurance Services for $177m.

BRP Group, an independent insurance distribution firm, agreed to acquire Burnham Benefits Insurance Services, a full-service provider of employee benefits consulting, retirement consulting, wealth management and insurance brokerage services, for $177m. "We work and think differently at Burnham, which is why we have been able to so successfully and rapidly grow our business. Our world-class team of experts utilizes a data science-centric approach to provide customized employee benefit and retirement solutions for our clients, and our level of service is unmatched in the industry, adding value to our clients every day. Partnering with BRP Group is a clear, cultural match; the innovative platform of capabilities, client-first approach and opportunities available to our team, particularly in the areas of commercial risk management, made combining our firms the obvious choice. We could not be more excited to take Burnham to the next level for our clients and colleagues who will be the ultimate beneficiaries of our combined scale and capabilities," Kristen Allison, Burnham President and CEO.