Item 2.01 Completion of Acquisition or Disposition of Assets.
As previously disclosed on December 17, 2019, Baldwin Krystyn Sherman Partners,
LLC ("BKS"), a subsidiary of BRP Group, Inc. ("BRP Group"), entered into an
Asset Purchase Agreement (the "Lanier Purchase Agreement") to acquire
substantially all of the assets of Lanier Upshaw, Inc. ("Lanier").
In addition, as previously disclosed on December 17, 2019, BRP Insurance
Intermediary Holdings, LLC ("BRP Intermediary"), a subsidiary of BRP Group,
entered into an Asset Purchase Agreement (the "Highland Purchase Agreement" and
together with the Lanier Purchase Agreement, the "Purchase Agreements") to
acquire substantially all of the assets of Highland Risk Services LLC
("Highland").
On January 2, 2020, BKS and BRP Intermediary (through its subsidiary BRP
Specialty Wholesale, LLC) (collectively, the "BRP Purchasers") completed the
acquisition of substantially all of the assets of Lanier and Highland,
respectively, with each acquisition being effective as of January 1, 2020. At
the closing of the acquisitions the BRP Purchasers paid aggregate consideration
of approximately $41.6 million, consisting of approximately $31.0 million of
cash, 389,727 shares of BRP Group's Class A common stock, $0.01 par value per
share, and 286,624 membership interests of BRP Group's subsidiary, Baldwin Risk
Partners, LLC ("BRP LLC") (and the corresponding 286,624 shares of BRP Group's
Class B common stock, par value $0.0001, issued pursuant to the terms of BRP
LLC's Third Amended and Restated Limited Liability Company Agreement). The
securities issued as part of the consideration payable under the Purchase
Agreements are subject to contractual transfer restrictions for a period of
time. Under the terms of the Purchase Agreements, Lanier and Highland will also
have the opportunity to receive in the aggregate up to approximately $13.5
million of additional contingent earnout consideration in cash based upon the
achievement of certain post-closing revenue focused performance measures.
Item 9.01 Financial Statements and Exhibits.
The financial statements that are required to be filed under Item 9.01(a) and
the pro forma financial information that is required to be filed under Item
9.01(b) will be filed by an amendment to this Current Report on Form 8-K within
71 calendar days of the date on which this Current Report on Form 8-K is
required to be filed.

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