M&A
confidence high
sentiment neutral
materiality 0.70
BRP Group to acquire K&S Insurance Agency for ~$82.2M cash plus equity; up to $51.4M contingent
Baldwin Insurance Group, Inc.
- Upfront consideration: ~$82.2M cash + 1,018,874 BRP LLC units (redeemable for BRP Class A common stock).
- Additional contingent consideration up to ~$51.4M, payable in cash/shares, based on post-closing revenue targets.
- Partnership expected to close October 1, 2021, subject to customary conditions.
- Securities issued without registration under Section 4(a)(2); no underwriter or general solicitation.