Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Mar. 3, 10:17 PM
| This Slide: #95 of 100 |
Slide #95. BRP Group, Inc. — Medicare Help Now
Acquirer:
BRP Group, Inc. (NASDAQ:BRP)
Acquiree:
Medicare Help Now
Details:
BRP Group, Inc. ("BRP Group" or the "Company") (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced that BRP Medicare Insurance III, LLC, an indirect subsidiary of BRP Group operating as Guided Medicare Solutions ("Guided"), has entered into a definitive agreement to acquire substantially all assets of Riley Financial, Inc. (operating as "Medicare Help Now"), a Vancouver, Washington-based independent agency that provides expertise, information and assistance to Medicare beneficiaries to help enroll them in Medicare Advantage plans. The Partnership, BRP Group's nomenclature for a strategic acquisition, is expected to close March 1, 2021, subject to certain closing conditions.
BRP Group is an insurance agency and services organization that markets and sells insurance products and services to its customers throughout the U.S. Co.'s business segments include: Middle Market, which provides private risk management, commercial risk management and employee benefits solutions for mid-to-large-size businesses and high net worth individuals, as well as their families; Specialty, which delivers access to specialty markets, capabilities and programs requiring underwriting and placement; MainStreet, which provides personal insurance, commercial insurance and life and health solutions; and Medicare, which provides consultation for government assistance programs and solutions.
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Avg. Broker Rec.
 
|
Buy (3.00 out of 4) 33rd percentile
(ranked lower than approx. 67% of all stocks covered)
Analysts' Target Price: BRP Stock Forecast Based on Zacks ABR data; powered by Xignite |
