RogersGray Partners with BRP Group
ROGERSGRAY, INC. ENTERS INTO AGREEMENT TO PARTNER WITH BRP GROUP, INC.
Dennis, MA – June 15, 2021– RogersGray Inc., Breakwater Brokerage, LLC (“Breakwater”) and Monomoy Insurance Group, LLC (“Monomoy”) (collectively, “RogersGray”), one of the Top 100 largest independent insurance agencies in the United States, has entered into an agreement with BRP Group, Inc. (“BRP Group”) (NASDAQ: BRP) to become part of BRP Group’s middle-market operating group. BRP Group is an independent insurance distribution firm delivering tailored insurance solutions.
The Partnership is expected to be completed and close July 1, 2021, subject to certain closing conditions.
“We believe this move greatly reflects our guiding principle: to do the right thing for our people and clients. Our clients and colleagues will ultimately benefit from our combined scale and capabilities, and we could not be more excited to take RogersGray to the next level,” said Michael Robinson, Chairman of RogersGray.
“By partnering with BRP Group, we look forward to providing our clients with the level of service they are accustomed to while providing additional tools, resources and capabilities gained by coming on board to the BRP platform,” said Dave Robinson, President and Chief Executive Officer of RogersGray.
“RogersGray is one of the top independent firms in the Northeast, featuring a history of growth and an exceptional group of talent led by an accomplished management team buying into BRP Group’s long-term vision. RogersGray will significantly bolster our geographic footprint and product offerings in New England and the broader Northeast region, and we are particularly excited about adding Monomoy to our MGA of the Future platform,” said Trevor Baldwin, Chief Executive Officer of BRP Group. “David, Michael and their incredibly talented team have prioritized client service above all else, while also fostering a dynamic colleague-centric culture that is clearly aligned with what we are building at BRP Group, and we are thrilled to welcome the RogersGray team to the BRP family.”
The RogersGray brand and staff will remain in place with David Robinson and Michael Robinson serving as Co-Regional Presidents of the New England Region within BRP Group’s middle-market operating group.
ABOUT ROGERSGRAY, INC.
Headquartered in South Dennis, Massachusetts, RogersGray’s dedicated insurance professionals help manage risk through a consultative approach designed to protect personal insurance, business insurance and employee benefits clientele. Everything at RogersGray is governed by one simple principle: to do the right thing for their people and their clients. The Firm prides itself on its community involvement, family-like culture, employee education and excellent client services.
ABOUT BRP GROUP, INC.
BRP Group, Inc. (NASDAQ: BRP) is an independent insurance distribution firm delivering tailored insurance and risk management insights and solutions that give our clients the peace of mind to pursue their purpose, passion and dreams. We are innovating the industry by taking a holistic and tailored approach to risk management, insurance and employee benefits, and support our clients, Colleagues, Insurance Company Partners and communities through the deployment of vanguard resources and capital to drive our growth. BRP Group represents over 600,000 clients across the United States and internationally. For more information, please visit www.baldwinriskpartners.com. Learn more about BKS-Partners at www.bks-partners.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent BRP Group’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or BRP Group’s strategies or expectations, including those about this Partnership (BRP’s nomenclature for strategic acquisition). In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, “outlook” or “continue”, or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.
Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption “Risk Factors” in BRP Group’s Annual Report on Form 10-K for the year ended December 31, 2020, and BRP Group’s other filings with the SEC, which are available free of charge on the Securities and Exchange Commission’s website at: www.sec.gov, including those risks and other factors relevant to BRP Group’s completion and integration of this Partnership, matters assessed in BRP Group’s due diligence, the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreements, the risk that necessary regulatory approvals may not be obtained or may be obtained subject to conditions that are not anticipated, the risk that this Partnership will not be consummated in a timely manner, risks related to the disruption of management time from ongoing business operations due to this Partnership, the business, financial condition and results of operations of BRP Group or this Partner, or both, and factors related to the potential effects of the COVID-19 pandemic on BRP Group’s business, financial condition and results of operations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to BRP Group or to persons acting on behalf of BRP Group are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and BRP Group does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.
(813) 259-8032 | [email protected]
Lynn Mason-Small, Senior Vice-President
(508) 760-4626 | [email protected]
BENEFITS OF PARTNERSHIP WITH BRP GROUP
Continually recognized nationally as a leader in best practices by Reagan Consulting, we ensure our clients are properly protected and that we are maximizing your time.
Representing over 450 insurers, we have the expertise to remain the advisor for all your insurance needs as your life and business evolve.
We have additional wellness resources, an employee care center, a dedicated claims analytics team, along with a benefits actuary on retainer.
Peace of Mind
We reinforce our commitment to providing Insight Beyond Insurance by offering dozens of opportunities to further educate clients through avenues such as client educational seminars and symposiums, lectures, white papers, webinars, on-site trainings, podcasts and informative newsletters.
This partnership expands the service offerings of RogersGray. Our services include licensed claim adjusters, loss prevention engineers and a data analytics team to help you prevent losses, implement best practices, navigate a claim and remain healthy in all areas of your life. We have found these resources add tremendous value to our client experience.
Top 100 Distinction
As part of BRP, our collective forces have us ranked as one of the top 100 largest insurance agencies in the U.S., a position we leverage on your behalf when it comes to underwriting, pricing and claims.