BRP to Buy Habitational Risk Broker

BI - September 14, 2021 - BRP Group Inc. has agreed to acquire Holmdel, New Jersey-based specialty broker and managing general agent Jacobson, Goldfarb & Scott Inc.

JGS has annual revenue of around $43.3 million, making it BRP’s largest deal so far in 2021, BRP said in a statement Monday. The deal will add around 130 employees, the Tampa, Florida-based broker said.

JGS provides commercial coverage to middle-market businesses across the United States and has expertise in the habitational real estate, construction and manufacturing and distribution industries.

Terms of the transaction, which is due to close around Oct. 1, were not disclosed.

BRP said last week it planned to acquire Dallas-based agency White Hill Plaza Inc. which operates as K&S Insurance Agency.