BKS-Partners to Acquire Assets of Tanner, Ballew & Maloof of Atlanta

Baldwin Krystyn Sherman Partners, LLC (BKS-Partners), the middle-market indirect subsidiary of BRP Group, has entered into an agreement to acquire substantially all assets of Tanner, Ballew & Maloof, Inc. (TBM), an Atlanta, Ga.-based provider of commercial P&C insurance to middle market companies and individuals.

The partnership, BRP Group’s nomenclature for a strategic acquisition, is expected to close Dec. 31, 2020, subject to certain closing conditions, and will significantly bolster BRP Group’s presence in the Atlanta market.

TBM specializes in commercial insurance and has a 28-year history. TBM’s industry specialization is in the multi-family real estate industry, while also providing insurance and risk expertise to the broader middle market, including the technology, real estate, hospitality, private equity, manufacturing and distribution industries.

According to John Valentine, chief partnership officer of BRP Group, the acquisition of TBM boosts its P&C and risk capabilities, particularly in multi-family, and gives it an opportunity to provide complementary employee benefit and professional risk management solutions to the Atlanta market.

Reagan Consulting, Inc. and its wholly-owned subsidiary, Reagan Securities, Inc. acted as financial advisor to TBM in the transaction.

BRP Group, Inc. is an independent insurance distribution firm delivering tailored insurance and risk management products. BRP represents over 500,000 clients across the United States and internationally.

Topics Mergers & Acquisitions