The Baldwin Insurance Group, Inc. Stock Price, News & Analysis

BRP Group, Inc. (NASDAQ: BRP) announced its agreement to acquire the assets of Riley Financial, Inc. (Medicare Help Now), which generated annual revenues of approximately $1.5 million. This acquisition aims to enhance BRP's Medicare presence in the Pacific Northwest and is expected to close on March 1, 2021. The rebranding of Medicare Help Now under Guided Medicare Solutions will occur during a transition period. Company officials express optimism that this partnership will lead to growth opportunities and improved client services, benefiting both firms.

BRP Group, Inc. (NASDAQ: BRP) announced it will report its fourth quarter 2020 financial results on March 11, 2021, after market close. A conference call to discuss these results is scheduled for 5:00 PM ET the same day. Participants can join via toll-free number (877) 451-6152 or international line (201) 389-0879, with a request to connect 10 minutes prior to the start time. The call will also be available as a live webcast on BRP’s investor relations site. A replay of the call will be accessible for one year following the event.

BRP Group (NASDAQ: BRP) will participate in a fireside chat at the ICR Conference 2021, featuring CEO Trevor Baldwin and CFO Kris Wiebeck, on January 11, 2021, at 8:30 AM ET. The event will be accessible via a live webcast on the investor relations section of their website. A replay will be available afterward. BRP Group specializes in delivering customized insurance solutions and risk management services, representing over 500,000 clients globally. For more information, visit baldwinriskpartners.com.

BRP Group, Inc. (NASDAQ: BRP) has announced the issuance of restricted shares of Class A Common Stock as part of a strategic acquisition incentive program. The grants were awarded to new employees from partnerships with Armfield, Harrison & Thomas, Burnham Benefits Insurance Services, and Tanner, Ballew & Maloof. The total number of grantees is 365, with an aggregate of 571,260 shares. These shares are designed to motivate key personnel, with upfront cash payments to partners being adjusted to reflect the value of these grants.

BRP Group (NASDAQ: BRP) announced the completion of acquisitions of Burnham Benefits Insurance Services, LLC and Burnham Gibson Wealth Advisors, LLC, as well as Tanner, Ballew & Maloof, Inc. by its subsidiary BKS Partners. This strategic move is expected to enhance BRP's presence in the middle-market insurance sector, expanding its service offerings and client base. The acquisitions align with BRP's growth strategy and are poised to create synergies that could lead to increased revenue opportunities.

BRP Group has announced the acquisition of Tanner, Ballew & Maloof, Inc., enhancing its presence in the rapidly growing Atlanta market. This strategic partnership is expected to close on December 31, 2020, adding approximately $10.7 million in annualized revenues and bringing total annualized revenues from 2020 partnerships to $236 million. TBM, with nearly 28 years of experience and expertise in commercial insurance, will bolster BRP's capabilities in multi-family real estate and other sectors.

BRP Group, Inc. (NASDAQ: BRP) announced a public offering of 8,750,000 shares of its Class A common stock priced at $29.50 each, with a potential additional purchase of 1,312,500 shares by underwriters. The offering is set to close on December 11, 2020. Proceeds will contribute to purchasing membership interests in Baldwin Risk Partners, LLC, cover offering expenses, and support working capital and partnerships. The company plans to buy LLC Units from key executives and affiliated entities, enhancing its operational capacity and growth potential.

BRP Group, Inc. (NASDAQ: BRP) announced a proposed underwritten public offering of shares of its Class A common stock. The net proceeds will be used to purchase membership interests from Baldwin Risk Partners, LLC, covering expenses related to the offering and for general corporate purposes. Additionally, BRP expects to close Partner acquisitions in 2021, generating annualized revenue between $120 million and $150 million, mainly in the latter half of the year. Major underwriters include J.P. Morgan and BofA Securities.

BRP Group has announced the acquisition of Burnham Benefits Insurance Services and Burnham Gibson Wealth Advisors, adding approximately $52.6 million in annualized revenues, one of their largest partnerships to date. This partnership enhances BRP Group's presence in Southern California, notably in key metropolitan areas like Los Angeles and San Francisco. With a strong track record of 25% year-over-year revenue growth in 2020, Burnham is set to significantly contribute to BRP's total annualized revenues of $225 million from 2020 partnerships. The deal is expected to close on December 31, 2020.