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Announced

Completed

BRP Group completed the acquisition of Westwood Insurance Agency from QBE Insurance.

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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Acquisition

Full Line Insurance

Private

Single Bidder

insurance services

United States

Majority

Friendly

Domestic

Completed

Synopsis

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BRP Group, an independent insurance distribution firm, completed the acquisition of Westwood Insurance Agency, a personal lines agency specializing in builder-sourced homeowners insurance, from QBE Insurance, a general insurance and reinsurance firm. Financial terms were not disclosed. “Alan and his team at Westwood have built a world-class organization, and we could not be more excited to be Partnering together. Representing the largest Partnership to date in BRP Group’s history, Westwood’s embedded business model and proprietary technology add invaluable expertise to the BRP Group family. We welcome Alan and the entire Westwood team to BRP Group," Trevor Baldwin, BRP Group CEO.

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