BRP GROUP ACQUIRES BROKER INSGROUP IN TEXAS

Rapidly growing US broker BRP Group, through its Baldwin Krystyn Sherman Partners middle-market unit, has acquired Insgroup, a Texas-based broker that generates more than $38m in annual revenues by providing commercial property/casualty insurance, surety and employee benefits products and services to middle-market companies and individuals across the state. While terms of the deal were not disclosed, BRP did say the acquisition marks its largest ever. Insgroup brings to BRP a team of around 160 across four offices in Houston, Dallas, Addison and Austin. Insgroup president and chief executive Brian Kapiloff will serve as a regional president within BRP’s middle-market operating group. Insgroup serves companies in a range of industries, with particular strengths in real estate, manufacturing, financial services, construction, and professional and industrial services.