BRP Group, Inc. Enters Into Agreement to Acquire Jacobson, Goldfarb & Scott, Inc.

BRP Group, Inc., an independent insurance distribution firm delivering tailored insurance solutions, today announced that, through its indirect subsidiaries, BRP Group has entered into an agreement to acquire substantially all of the assets of Jacobson, Goldfarb & Scott, Inc., including the equity interests of certain of its subsidiaries (collectively, operating as “JGS”). Based in Holmdel, New Jersey, JGS is a specialty insurance broker and MGA primarily focused on providing commercial insurance services to middle-market clients across the country. With annual revenues of approximately $43.3 million1, JGS (#61 in Insurance Journal’s “Top 100” list of independent property/casualty agencies) represents BRP Group’s largest announced Partnership in 2021 and fifth “Top 100” Partnership since the beginning of the fourth quarter of 2020.

Source: BRP Group | Published on September 14, 2021

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The Partnership, BRP Group’s nomenclature for a strategic acquisition, is expected to close on or around October 1, 2021, subject to certain closing conditions.

Over its history, JGS has delivered an impressive track record of revenue growth by offering a proactive, comprehensive approach designed to reassure clients that they are covered at every step of the way. With a proven ability to innovate and develop world-class commercial property programs, JGS has transformed into one of the largest independent agencies in the U.S. with a keen focus on offering complex and differentiated coverages in the construction and habitational real estate industries. This Partnership, which brings with it approximately 130 colleagues, expands BRP Group’s specialty and middle-market practice expertise in key markets and industries, including Habitational Real Estate, Construction and Manufacturing & Distribution.

“We have made major strides in enhancing and expanding our specialty and middle-market segment capabilities and this Partnership with JGS will further accelerate that endeavor,” said Trevor Baldwin, Chief Executive Officer of BRP Group. “We believe JGS’s existing commercial property programs and continued focus on offering complex, specialized products and solutions will enhance BRP Group’s ability to innovate for clients and offers meaningful scale in a highly complementary and synergistic business line in which we are excited to continue our investment and growth. Ken, Vinnie and the entire JGS team have built an incredible, growth-oriented and client-centric business, and we could not be happier to welcome them to the BRP Group family.”

“We are thrilled to be Partnering with BRP Group, and we believe a unique opportunity exists to join forces and take our combined businesses to the next level. It was important to make sure we aligned ourselves and our clients with the right home, and we believe this is a natural next step for all of our stakeholders,” said Vinnie Hager, President of JGS. “We could not be more excited to take JGS to the next level and look forward to leveraging the BRP Group platform to provide additional tools, resources and capabilities to our clients.”

“Partnering with BRP Group is a clear, cultural match, and we believe this Partnership aligns us with a Partner who shares our long-term goals and vision,” said Ken Hager, Principal and Chief Operating Officer of JGS. “We have been able to build a tremendously successful business, and we look forward to contributing to the BRP Group growth story while also providing our clients with the high level of service they are accustomed to.”

MarshBerry acted as exclusive financial advisor to JGS in the transaction.


BRP Group, Inc. 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


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