BRP GROUP, INC.

(BRP)
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Delayed Nasdaq  -  04:00 2022-08-18 pm EDT
32.34 USD   -0.03%
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BRP : Congratulates JGS Insurance on Being Named as 2021 Max Performer National Winner by Marshberry

10/12/2021 | 11:12am EDT

TAMPA, Fla. - (October 7, 2021) -BRP Group, Inc. ("BRP Group" or the "Company") (NASDAQ: BRP), an independent insurance distribution firm delivering tailored insurance solutions, is pleased to congratulate Jacobson, Goldfarb & Scott, Inc. ("JGS") for being recognized as the 2021 Max Performer National Winner by MarshBerry. JGS (together with certain of its subsidiaries) completed a Partnership, BRP Group's nomenclature for a strategic acquisition, with BRP Group's indirect subsidiaries on October 1, 2021.

JGS was announced as the overall 2021 Max Performer National Winner during MarshBerry's 2021 Connect Summit. They were also recognized as the 2021 East Regional Winner. The 2021 Max Performer National Winner award recognizes agencies who achieve a balance between financial metrics, technology, and culture. The overall winner is chosen based on organic growth, EBITDA, culture, perpetuation, and productivity.

"We're excited to have been named a Max Performer National Winner," said Vinnie Hager, previously President of JGS who is now serving as Managing Director of Armfield, Harrison & Thomas, LLC, an indirect subsidiary of BRP Group. "We are continually looking for ways we can enhance our current capabilities and provide the best experience for our clients and our colleagues. This is a testament to the quality of work the JGS team delivers on a regular basis. Congratulations to our entire team."

"Congratulations to Vinnie, Ken, and the entire JGS team," said Trevor Baldwin, Chief Executive Officer of BRP Group. "They have built an incredible, growth-oriented, and client-centric business, which is made evident by this prestigious award. We are excited to have Partnered with several firms who have been recognized as Max Performers."

White Hill Plaza, Inc. (operating as K&S Insurance Agency, "K&S"), which also completed a Partnership with BRP Group's indirect subsidiary on October 1, 2021, was previously named a Max Performer National Winner in 2020 and in 2021 was recognized as the Southwest Regional Winner. Additionally, Burnham Benefits Insurance Services, Inc., which (together with its affiliates) completed a Partnership with BRP Group's indirect subsidiary on December 31, 2020, was recognized as the West Regional Winner in 2020.

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 700,000 clients across the United States and internationally. For more information, please visit www.baldwinriskpartners.com.

ABOUT JACOBSON, GOLDFARB & SCOTT, INC.

Headquartered in Holmdel, New Jersey, JGS is a specialized insurance broker, focused on providing commercial insurance services to middle-market clients across the country. With a relentless focus on sales culture and a client-centric approach, JGS has transformed into the largest privately-held insurance broker in the State of New Jersey. Through its various program businesses, JGS offers customized products and solutions to address clients' needs, including some of the most complex coverages in the habitational and construction industries. JGS prides itself on taking a proactive, comprehensive approach to clients' needs while emphasizing the firm's mission, "Service is Our Specialty - Protecting You is Our Mission." For more information, please visit www.jgsinsurance.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 these Partnerships. 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 integration of these Partnerships, matters assessed in BRP Group's due diligence, risks related to the disruption of management time from ongoing business operations due to these Partnerships, 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.

Disclaimer

BRP Group Inc. published this content on 12 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2021 15:11:03 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2022 940 M - -
Net income 2022 5,06 M - -
Net Debt 2022 989 M - -
P/E ratio 2022 276x
Yield 2022 -
Capitalization 1 948 M 1 948 M -
EV / Sales 2022 3,13x
EV / Sales 2023 2,54x
Nbr of Employees 3 400
Free-Float 42,7%
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Number of Analysts 9
Last Close Price 32,34 $
Average target price 32,63 $
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Trevor L. Baldwin Chief Executive Officer & Director
Bradford Hale Chief Financial Officer
L. Lowry Baldwin Chairman
Jo Cooey Executive Director-Technology
Rajasekhar Kalahasthi Chief Digital & Information Officer
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