TAMPA, Fla., April 26, 2021 (GLOBE NEWSWIRE) — BRP Group, Inc. (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, has entered into a definitive agreement to acquire substantially all assets of Seniors’ Insurance Services of Washington, Inc., a Freeland, Washington-based independent insurance agency that offers information, support and access to Medicare and other senior-related products for its clients. The Partnership, BRP Group’s nomenclature for a strategic acquisition, is expected to close April 30, 2021, subject to certain closing conditions.
Seniors’ Insurance Services generated annual revenues of approximately $0.9 million and is located in the metro Seattle market. Following this Partnership, Seniors’ Insurance Services will be rebranded under the Company’s Guided banner over a transition period.
“The addition of Seniors’ Insurance Services to the BRP Group family continues to significantly strengthen and expand our Medicare presence in the Pacific Northwest region,” said Chase Bedsole, President of Guided Medicare Solutions. “The Seniors’ Insurance Services team is well versed and experienced in aiding clients find appropriate senior-related insurance solutions, and we expect they will add considerable value for our Guided segment.”
“We’re excited to join with Guided, which will enable us to expand our capabilities and services for our loyal client base and potential new clients,” said Ron Sanford, President of Seniors’ Insurance Services. “As Guided continues to become the preeminent provider of Medicare and senior-related insurance products and information, we are proud to become an integral contributor to Guided’s ongoing growth and overall expertise.”
ABOUT BRP GROUP, INC.
BRP Group, Inc. (NASDAQ: BRP) is a rapidly growing 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 represents over 600,000 clients across the United States and internationally. For more information, please visit www.baldwinriskpartners.com. Learn more about Guided at www.guidedsolutions.com.
ABOUT SENIORS’ INSURANCE SERVICES
Seniors’ Insurance Services has helped seniors navigate Medicare & Social Security enrollments, Long-Term Care & Short Term Medical options, and many other complicated insurance concerns. We will support you in choosing your future insurance coverage; we are independent in giving such advice since we are not bound to any one insurance provider. Learn more at www.seniorsinsuranceinc.com.
