Burnham Benefits in California Acquired by BRP Group
Irvine, Calif.-based Burnham Benefits Insurance Services Inc., Burnham Gibson Wealth Advisors, Inc., and Burnham Risk and Insurance Solutions LLC has been acquired by Baldwyn Krystyn Sherman Partners LLC.
Burnham will a middle-market indirect subsidiary of BRP Group Inc. (NASDAQ: BRP). The deal is expected to close Dec. 31 and is subject to certain closing conditions.
With annual revenues of roughly $52.61 million, Burnham represents one of the largest partnerships in BRP Group’s history. Burnham President and CEO Kristen Allison will serve as regional president, and BGWA President Darin Gibson and BRIS COO Sara Owens will serve as managing partners within BRP Group’s middle-market operating group. Following this partnership, Burnham will maintain its brand and operate as “Burnham – A Baldwin Risk Partner.”
Burnham Benefits Insurance Services is an employee benefits consulting, and brokerage firm based with eight offices.
BRP Group is an independent insurance distribution firm delivering insurance and risk management insights and solutions.
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